Forex Trading Journey
Profit/Loss (Realised)
30/06/16 - 30/06/17: [2016 ROI 27.61%: S$4003.67]
31/07/17: S$1264.09
31/08/17: S$5806.60
18/09/17: S$2700.01
My intention is not to hao lian but for friendly competition and share my journey.
My cut off month for computation is June as this is the month that I started electronic trading officially in 2016. Before that I punt physical cash at money changers. USD and CHF.
You can see the ROI for 2016 is quite modest as compared to Jul, Aug and Sep 2017. That is because I started standard lot punting from Jul 2017 onwards. Have traded with only mini lots previously.
This is the part that I did not include previously but have already offset from total profits. So that means without these losses my profit will be a little higher.
05/07/16: -S$317.75 (Forex GBP/USD, NZD/USD)
18/04/17: -S$795.44 (Forex GBP/USD)
Additional info for the nosey folks. Lifetime investment losses including Forex is close to S$20,000.
In the first 1-2 months it was a very nerve wrecking period because I was trying to figure out how margin trading works and at the same time learn all the trading fundamentals. Over time I slowly have a grasp and understand on the dos and don'ts.
In the beginning I was losing money because humji when see position drop to negative few hundred bucks I quickly cut loss. Only to see the position recover eventually over time. Can be days, weeks, months. Then I have a crazy idea.
NO STOP LOSS. Try it and see how. And so here I am today typing this now.
Posting my trading performance is a good way for me to ownself check ownself. And most importantly posting out those losses is a good reminder to continue to ban myself from trading the cursed GBP! Pui pui pui!
Not trying to sound too preachy but I want to say this again. Capital preservation is the top priority. Gradual capital appreciation over time is better than one time windfall because you will get complacent with euphoria.