• Journal

    The problem is in my mind : psychology

    I cannot stress enough how important it is to have positive psychology when it comes to training. Mindset is everything. I figured i’m lacking in this department. My strategy is a winner. My risk management is top notch. I’m not over trading then what is the problem? why i’m not consistently profiting yet ? After reading the book “trading in the zone”, i have found many answers. While reading the book i thought as if it was my story. Now i’m working on fixing my mindset problems. Simple action as walking out if it is not syncing on particular days were so hard for me. For example, if i’m approaching…

  • Journal

    Scared money never wins

    If you cannot afford to lose the money you are investing, i can guarantee that you will never success in Forex. Scared money never wins. You will be always thinking about money. If you are planning to invest with your retired money or your daddy’s money, take my advice and come out NOW.  As i have mentioned in my previous post, i have been working a lot with psychology. I have finally come to realize, my problem is in mindset. Nowhere else. I have a winning strategy. Execution of my plan is almost perfect. Everything looks ok on paper but why I’m still not consistently profiting ? Only reason that…

  • Journal

    Registered a losing week both financial and psychological

    Pretty disappointing start to the month. I have had a losing week once again. Granted the market is very slow but I have done some severe mistakes. I do have a cutoff period of -50 pips and i should slow down when i hover around that mark. But this time i was on a rush for some reason so i kept on placing trades only to lose. July 5th , 2017 was really sad day for me. I lost a mammoth 100 pips. I didn’t follow my own criteria. I was taking trades on believe not what i was seeing in the market. One important lesson that i really need…

  • Journal

    Still a forex trader…..

    Hello all, I’m still trading Forex. Apology that I could not write blog for few months. My parents were here in Thailand so I was out for a month or so. I really needed that break as I was losing consistently in the market. So I had some time to put my thoughts together and came back strong only to lose again. Anyway, the market did not offer anything from feb to may. It was very less follow through. Really difficult market to make money. I had about 10% loss in May. And then started shaky JUNE but at the end I could come up with a positive month of…

  • Journal

    February 2017 Forex day trading diary, fear of missing out (FOMO)

    February has been a bit tough for me. Price action is really whippy and bouncy. Currently i’m in a hole -69 pips for the month. We still got 5 tradings days left for this month. We never know what will happen. I hope to overcome my loses and make February positive. Things have changed a lot this year. I feel i have got my edge and finally trading correctly. I’m really enjoying day-trading these days and not feeling pressure. Last year, because of consecutive loses, i used to feel nervous to trade. However, i should give credit to myself as no matter what happened, 1 hour prior to New York…

  • Journal

    My first profitable month at Forex day trading

    Boooom ! best month ever the January 2017. I came out profitable. The feelings are even sweeter as at one point of the month, i was well below -5% but i dug myself out from the hole and ended the month with +2.24%. This is the first time in 12 months that i could beat the market. Before i came out close but never could end positive. This has significant meaning to me. It means i’m doing something correct. I learned a lot in the last two months but overall i have been working my ass off to understand this forex market. It has just started to work for me.…

  • Journal

    Trading Forex : really difficult

    Hello Folks, yes i’m still here. Glad to see i have few readers who are interested to read my blog post. Good to know. Thank you guys. Breaking news : i’m still not successful as forex trader. I thought i have reached to a point where i’ll invest some serious money but the moment i win , i tend to give away in the next session.One month i do good, next month i’m donating my profits to the market. so i’m still not a consistence trader which is number ONE rule to be successful in this business. I’m trading micro account as you all know. During NY session i take on average…

  • Journal

    Registered a losing week : 12th-15th Sep 2016

    what a terrible week ! i lost 200 pips this week, that is 6% of my account. There were practically no follow through during the entire London and New York session. Some movements during Asia session but i only trade NY so i could not catch any of the move. I was exhausted. Pretty tiring to lose every day 4 days in a row. So i decided to take rest on Friday and guest what ! there was a move on Friday. I had the opportunity to make some pips but hey am i upset ? absolutely not. I needed that rest. I shall be back next Monday fresh again.…

  • Journal

    New Forex traders journey 6th-9th sep 2016

    Tough week for me. Monday was labor day so i was not expecting the greenback to move so i took off for that day. Watching trading related Youtube clips were better option for me. 6th Sep Tuesday 2016 Started trading from Tuesday. I did learn a valuable lesson on Tuesday. The follow throw on 6th sep was huge due to ISM Non-Manufacturing PMI. I was really tired due to lack of sleep, kinda skeptical whether to trade or not but forced myself to trade. Result : ended the session with -15 pips which is not bad i agree. However, due to ISM news, the move during NY session was massive…

  • Misc

    Forex day trading in Summer : my journal

    It’s been a while since i last blogged. During brexit era, i briefly took off from forex trading. The market was going haystack up and down so vigorously i thought i should take a break. With my strategy to risk 10-12 pips, those time was not a good time to trade. Over time i learned when the market conditions are not favorable to trade, just take a break. I also had a chance to visit India to attend one of my friends big fat wedding after brexit. It was really good time to see all the colors, cultures and dances in Jaipur India. The break that i needed from trading…