College student learning to run with the Big Boys
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Thread: College student learning to run with the Big Boys

  1. #1
    If you want to run with the big boys you can piss like a puppy

    Well I believed it#8217;s time to begin a private journal to help keep me inspired and to keep track of what I#8217;m up to.

    Ok firstly a bit about myself, I#8217;m 22 years old, I have a diploma in Financial Management Sciences and currently doing honors in financial management which I will be finishing this year. . .hopefully. . .nah I will pass

    I began trading stocks listed on Johannesburg stock market in July 2009, and like everything in life it went very well for its initial month, and being young and dumb not listening to the pros I started taking more risks until I lost about 15% of my funds, major wake-up call!! , even got an email from my broker with info about the instruments I had been losing money on.

    So I decided to slow things down dramatically type of, I started looking for stocks and instruments that I could buy that's not very risky, get good dividends and growth rather than to over commerce just like I used to. Well ever since my stocks have been doing well. I#8217;ve got a little account for trading large leverage stocks and doubled that in the last 2months.

    So I came to the end that Discipline and a Solid Strategy will yield immersion in the long run!!!

    So then I discovered the superb world of forex trading in October 2009, never really had an attention until November when I finished my finals and had a lengthy holiday ahead of me.

    So November I started a demo account began playing around getting to understand all the qualities and what not, discovered FF, and WOW did the learning and research process begin, in the last 6months I have learned more regarding forex and markets than what I have done at varsity.

    It#8217;s been a very rewarding experience up to now, KNOWLEDGE shrewd rather than $$$$ wise...: ))

    So yeah what I have learned from my share trading expertise I rushed into the forex markets like there was no tomorrow, opened a stay account in December, $100, and that disappeared faster than you can imagine. So back I went on to demo trading.... Then opened a $1000 account and once more lost it all, or not all have $176.18 left....lol. And this was all the result of me not sticking to a egy long on a DEMO and rushing things.

    I'd like to go ontoforexintuitiveget a egy, study it, demonion to get a day and thinking I#8217;m prepared to go live again and again following the first losing commerce begin looking for a new egy, I have probably gone through 40 egies on this forum, and they are all great egies!!! And the people who begin those threads are truly great people, to be so helpful and unselfish is amazing.

    Well after paying hefty school fees into the markets I have decided to work on a egy and take it step by step. . .patience. . .discipline. . .and a plan with goals and objectives. (still working on the targets and objectives).

  2. #2
    Quote Originally Posted by ;
    Congratulations on starting your journal. I understand starting mine was a great means of keeping myself humble and fair. My only regret? That I didn't understand about Forex in your age. . .LOL

    Keep it simple, keep it real, know it is a business like any other and treat it that way and you'll do fine.

    Capitol preservation is EVERYTHING. I am still a newbie and I've discovered that the hard way as well. Newbies concentrate on how much they can create. Pros concentrate on how much they can loose.

    Best wishes for a very long and profitable future!
    Thank you for your comment, I appreciate it!!!

    I'm busy working on my egy nothing concrete yet but working on ideas. Will post a bit later on.

  3. #3
    Fantastic start to the day, have taken 3 transactions on GU now, 1 short and two long for a entire gain of 24 pips.
    3 on short
    8 on extended
    13 on extended

    all of them could of been much more if I shut out earlier, but 3wins at a row is rate, the question can I keep it up??

    I possess the charts ready to article, but I cant seem to upload because I have exceeded my limit for something, could somebody please advise me on what I must do??? I need more articles???

  4. #4
    took 7 trades in total today, zero losses for a whole 54odd pips, its just demo tho, but have opened a micro account so will probably be trading with that tomorrow, I will probably just be trading GU untill I can master the signs along with master consistancy!!!







  5. #5
    demo trading announcement for now, believe im gonna call I quits for today. Got class in a couple of hours so thats it for now.

  6. #6
    Congrats for your transactions, you show potential

    Spelling out your egy will make it simpler for you. You do not have to make it public but making a rulebook and updating it like a computer software will allow you to build up your egy brick by brick. At least getting organized and methodic is what made me make a huge jump in my trading.

    This journal is a great idea and your transactions show that you've known the market a bit. Add a fantastic methodology to this mix and you're going to be consistently profitable far faster than me.

  7. #7
    Quote Originally Posted by ;
    Congrats for your trades, you reveal potential

    Spelling out your egy will make it easier for you. You don't need to make it public but making a rulebook and upgrading it like a computer program can help you grow your egy brick by brick. At least becoming organized and methodic is what made me make a massive jump in my trading.

    This diary is a great idea and your trades reveal that you've known the market a little. Add a fantastic methodology to this mix and you're going to be consistently profitable far faster than me.
    Nicely the egy that I use is a combination of The Dance Jankone 5m ribbon, not certain how to put a egy about them on paper since they're already on paper in these threads. I like support and resistance, pivots and fibs, trying them out at ones tho(more for tips ) that could make me somewhat confusing in the future, but the faster I get use to them better, but I will post my design of those egies that I use once I have it figured out, and im confident I can bring this together. I have been working really hard the past 3months, atleast 12-16 hours screen time a day, it will eat into my studies a bit tho. But im beginning to get into a fantastic routine and where my priorities lie.

    Thank you for your kind words it means alot and I hope you will be inspiring me more in the future, it really will help alot if folks compliment you it gives me convidence in myself.

    Thank you ones again and decent luck with your trading!!

  8. #8
    first commerce back reside, had a crappy final 2 days of trading, tuesday was -52pips and wednesday -34pips on demonion though it was my own fault really, was leaping in out of trades, and pursuing trades which was not there.

  9. #9
    Trade #2 live for today

    EUR/JPY short got a 50pips from this commerce, was a tricky one to take, really unsure about the direction in the beginning.

    Total for today 55pips

  10. #10

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