Open trading account 
Hello Traders,
Welcome to the 2nd month of 2014! We had a great Chinese New year holidays in Hong Kong until yesterday, and now we are officially opened.
Few learning I'd like to share with you all -
Mistakes:
Don't jump into the market, just that you have an itchy finger. I lost 200 pips each - CAD and AUD in the last week of last month... It was a devastating loss of 400 pips.. All my profits were wiped out and I had a terrible loss of half of my capital. All because I couldn't bite my itchy fingers.
Correct moves:
Yes I made few hundreds pips in last month and that simply waiting for the correction to finish and entry with use of maximum two indicators...
Mindset for the month of FEB 2014:
Capital of USD100,000 - I will treat it as my real account. It is not a demo account for me.. I'll treat every dollar as real.
Priority for Feb 2014:
1) Save my capital
2) Make more profit with less risk/loss
3) keep close track of every single trade I'm taking and have a weekly review and analysis of my performance.
That's it for me, and Good luck to all you guys!!
BR..
...Anil.
Welcome to the 2nd month of 2014! We had a great Chinese New year holidays in Hong Kong until yesterday, and now we are officially opened.
Few learning I'd like to share with you all -
Mistakes:
Don't jump into the market, just that you have an itchy finger. I lost 200 pips each - CAD and AUD in the last week of last month... It was a devastating loss of 400 pips.. All my profits were wiped out and I had a terrible loss of half of my capital. All because I couldn't bite my itchy fingers.
Correct moves:
Yes I made few hundreds pips in last month and that simply waiting for the correction to finish and entry with use of maximum two indicators...
Mindset for the month of FEB 2014:
Capital of USD100,000 - I will treat it as my real account. It is not a demo account for me.. I'll treat every dollar as real.
Priority for Feb 2014:
1) Save my capital
2) Make more profit with less risk/loss
3) keep close track of every single trade I'm taking and have a weekly review and analysis of my performance.
That's it for me, and Good luck to all you guys!!
BR..
...Anil.