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Showing posts from 2023

5 Crash Down

 It's the second day since the day I lost my 1K. This time I was very careful and observed a good 3 hours. The candle was slightly higher the support area already, so I decided to buy. BUT nooo, just seconds later, the candle started to crash down so fast! It was the first time I saw the red candle move so fast on the H1 time frame.  I panicked cos I don't wanna lose that much again. I was looking at my margin and was afraid I might get a margin call, and XTB closes my position again. I thought of depositing funds on my account. In fact a rashly transferred money from my GCash going to my Union Bank. I've already initiated an deposit on my XTB account and was ready to transfer 100USD. But then I stopped. I went back to my chart and quickly hit closed. That was my decision. In my mind, I cant lose more, just hit close. And boom, lost -56 USD. This is too frustrating, nerve-wracking and disappointing. I calmed my heart down. looked at the chart again. I decided to open multip...

4 Restart

 Today is the day after I loss 1K USD. I'm starting with 223 USD. This was actually the profits I gained trading from Sept __ to Sept 30, 2023. I logged in around 6pm. Checked the news for DE30. Started putting in the trend lines, support and resistance lines. This time around, I was able to spot where the support was. It took a long before the candles started to increase. When I've finally seen an opportunity to buy. In 2 seconds, I managed to gain 1.03 at 0.01 volume. That's equivalent to 4 price units up. Just imagine, had I not made a mistake yesterday, this 4 units price increase would have been worth 36 USD. Uggggh! I'm so pissed. Now it'll take long for me to get back again. I opened a second position, and got 0.50. Ending the day with 1.53 profit. I've decided to just work with what I have now despite how long. My risk appetite has gone low, and I don't want to do a new deposit until I've gained much. By next month , I'll go ahead and add 100...

3 1K LOSS

 Today I lost 1K USD. It's the initial amount I invested on XTB. I'm now left with 223 USD, which is the total profit I gained since the day I started trading for real (Sept __, 2023).  Here's what happened. I mistakenly opened a wrong position. I checked long frames and they seem to be down trend. I put a trend line on h1 frame and it's also going down with 3 candles going up. I figured those were negligible and will eventually go down. I went on to check m1 frame and as soon as it went down trend, I clicked red for sell. And less than few minutes, trend went up. Increasing my loss too. I couldn't look anymore so I logged out.  My strategy was to let it open overnight, thinking it will eventually go down to the set TP. Hours later, XTB automatically closed my position at -1023 loss. I couldn't believe it. 3 weeks worth of trading with consistent gains, now all gone in just few hours and one single mistake.  Ok I understand now that it will take forever to get b...

2 No Trade

 Today was a busy day in the afternoon. I had 3 students one after the other from 6pm to 8pm. I thought I could still sneak in to trade but I didn't. I chose to skip to today, cos I don't want to make rash decisions and ruin my winning streak. I'll do it again tomorrow. Anyway, my gains yesterday were more than my target. 

Starting October Right

 Today is the official first day, I'm going to journal my daily trade journey. The goal is to reach my first 1M USD.  I'm using the XTB platform to trade. I started trading for real on September 11, 2023 with 1K USD. At the end of September, I managed to gain 221 USD. That's roughly 22% gain in 14 days.  20% of 1221 is 244 USD. Ideally, I should aim for this amount at the end of October, but I wanna keep it safe and just aim for 200 USD. In excess of that will be considered my bonus. This means that for this month my daily target should be a minimum of 10 USD. I started October with a volume of 0.34. The trend was going down. I patiently waited for the right position. My strategy was to sell, when M1 chart starts to move down, and close my position immediately. My plan went well because this was the fastest trade and the highest one ever. At 13 millisecond, I managed to gain 35.82 USD. Meaning I'm 2 days ahead of my goal. Volume Good start to October!    Volume:...