What I can conclude about this entire journey in forex market… Definitely is not the end.
My biggest mistakes were:
- No trading plan
- No coherent strategy
- No money management
- No trading log
- No control over emotions
- No knowledge about markets
So I’m trying to do it right now. I’m trying to change and improve my methods. From books, I’ve learned a few strategies. But I’m not confident about those and trying to develop one on my own.
I made a last 2k deposit at the end of last year on December 31st. And this is it. With all of the things that I’ve learned, I supposed that this time I could do it right.
Guess what… Not so good news.
I opened two positions in December 31st and immediately were positive. I yell to the sky “I finally get it”, and then the market closed for holydays. I looked at the markets when reopened in January 2nd, and things go wrong… they hit my stop loss with a total of -150usd aprox. Not a good New Year start.