Sunday, February 12, 2006

Losses, focus and goals

I have lost 2/3 of the original deposit in my demo account.

I will now try to focus on USDJPY and EURUSD for a little while using 0.1 lots per trade and try to become profitable. I will try lengthening some of my trades and doing a more rigourous top-down analysis each day before trading. The most I can risk on any given trade is about $40. This translates to a 30-40 pip stop-loss when buying 0.1 lots.

My goal is to reach a per-day profit of 20 pips.

I have started a pip counter in the right margin as of this post.

0 Comments:

Post a Comment

<< Home