Michal's Journal

[francisrama]

HAPPY CHRISTMAS Michal!!!

KR

[Michal]

Thank You Fran )
I Hope You and everyone else had a nice time and ofcourse more of this time is ahead of us ! so i hope everyone will have a good fun over the new year's eve have a good one ! Everyone! (party) (party)

[Michal]

I wish all the new year would be like today
First trade of the year and become a winner

[immy]

I wish all the new year would be like today
First trade of the year and become a winner

What a start to the new year! well done... may this year brings you a mighty loads of pips and pipsicles!

[Darren]

Fantastic trade Michal! \m/

[Michal]

Happy New Year to everyone !
Thx guys i hope this year will bring us storm of pips \:D/

[Michal]

Im showing you guys my trade from today apparently this is the only one I did today as I stop my trading at 4 uk time- As Erik suggested
Im only a part time trader for now so dont have much time though

[immy]

Im showing you guys my trade from today apparently this is the only one I did today as I stop my trading at 4 uk time- As Erik suggested
Im only a part time trader for now so dont have much time though

I suppose I could tell you that, everything at that time was pointing otherwise, I could say, the wave on H1 was pulling back to gators mouth, and the gators on M15 were sleeping, showing sideways up slightly upways trend but thats all not gonna help because its in the past. What matters is simply this. At that time, you considered it a good time to sell dollars against the yens. But you were not right. So what... thats why we have stop losses. that is why we limit our losses to only a tiny portion of our total available capital for trading. And we know that trading is " a pattern recognition numbers game". No good trader makes more money by not having losing traders, no good trader in the world is successful because he knows how to avoid losing trades. The fact remains, good traders know exactly when to get out of the market when they are wrong, and they know that almost 50% of the time they could be wrong but they know that as long as they keep their winning traders proportionally bigger than their losing ones, in the long run, statistically they will grow their accounts. And they know that the law of compounding can take their 1K account to 10k and then 100K within very short times (relatively).

so I'll say, well done, NEXT!

cheers

[Michal]

Thx Immy I will try do better next time when i filter them as last one wasnt one of my best one but still im happy :-bd
cheers

[Michal]

Here is a 1 of a 2 trades from today.Im posting this one only for now as the other is still running ( closed half on 1:1-so its free trade :-bd ) once is done i will post a picture

My entry wasnt exactly 1 pip below seed because i wanted to wait for m15 aims breakout.