Wednesday, June 10, 2009

Quick Update

Got nailed hard in the futures today. A stupid idea to try and limit risk ended up costing more money than it was worth. GIVE YOUR TRADES ROOM TO WORK. Lost enough to limit me to the NQ only for the time being.

In FX land walked away netting +187 pips today. Yup. While on sim, the fills are as real as they can get in forex unlike some futures account simulations. If I could do 1/10th of that each day i'd be stoked. Just waiting on my account verification to start funding.

Video is high resolution (close to 1400 X 700) but relativly short (8:05). Make sure you click the "Full Size" button at the top of the screencast page to view it correctly so it doesn't look janky.

Link deleted due to bandwidth concerns.

Trade Results:

I don't want to talk about it.


Syed Omar (Hilmy) said...

nice trades on fx

Gulzaar said...

Hello Matt!
I am a 21 year old FX trader myself, and just like you, I am striving to start full-time Forex trading. I post my ideas and trades on my blog. Maybe we can collaborate. Thanks and good luck!

Anonymous said...

Matt-what Forex sim do you use?
By the away it's really helpful following you on this journey. Keep up the good work and good luck!

Matt said...

Thanks Gent's!

I'm using Oanda on sim. and i'm just waiting for my deposit to be credited to my account to go live (Hopefully tomorrow).

I'm going to be really limiting my trades a bit more than I did yesterday and just strive to take my highest probability trades. I took EVERYTHING yesterday and it just all worked out but i'm going to be a bit more conservative off the bat with real $.

I would like nothing more than to be able to post up a 50+% ROI the first day out of the day but any growth is good growth!

I will check out your blog Gulzaar and I wish you the best of luck in your endeavor!

Syed Omar (Hilmy) said...

cool. i'll be checkin into your eurusd trades guy FINALLY our blogs can relate :-)

Anonymous said...

I was where you are today over 1 year ago, I can tell that this is not easy the only easy thing about trading is making the wrong trade and losing money. You are not alone ever notice that you get out of a losing trade only to have it reverse to a point that you would make money or get out early for a few ticks only to have it run fast after you get out. It happens to everyone usually at the same time that is why there are fast moves at times IMO. Fear and greed at work.

Anyway my advice would be to stop jumping spend time on one market one vehicle at time master that and master one setup. It is all you need. Once I stopped jumping and trying new things, is when it turned around for me. Good Luck.