Friday, March 27, 2009

What Do you think that happen?

In that time, still without any knowledge about trading or technical analysis, I had 3000usd in my account due my last deposit. That was September 15th.

I’m risking too much, I thought, with my profit targets were too high and almost every trade I made went against me. I didn’t take big positions, just 5000 or 10000 per position (0.50 or 1usd per point). Things were worst when I risk too much in last attempts with overleveraged positions, but I thought… If I lower my profit limits and still use big positions, is a sure thing! I could make as much as I made with small positions in bigger profit targets.

What wrong I was… Now I realized

Still with no knowledge of trading, no stop limits and close targets things were worst. Now I know that this is called “scalping”. I used 100k positions.

Bad idea... Really a bad idea...

Without technical knowledge is like play Russian roulette. And the bullet was in the chamber. Too late I retake small positions but…

October 8th, the last remain position closed with a lost. My balance: 1.83usd