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Beth's Journey to Make Her Millions


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Beth's Journey to Make Her Millions

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  #351 (permalink)
 soumi71 
Toronto
 
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Go Beth , you are doing great !!! your journal is very inspiring
cheers !
soumi

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  #352 (permalink)
 wgreenie 
Cambridge, Ontario
 
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soumi71 View Post
Go Beth , you are doing great !!! your journal is very inspiring
cheers !
soumi

Thanks soumi for your cheers!

IF the journal is very inspiring, it's because Big Mike and BM Family members have actively participated in it!

Beth (BM Family member who benefits the most .. smile ..)

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  #353 (permalink)
 ZCars 
Birmingham/UK
 
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wgreenie View Post
Gosh! Maybe I will get a raincheck from ZCars IF he's willing to issue one for me. Let me put down "EUR/USD - taking a few pips in a momentum trade" on my Nice-to-have list LOL!

Yes, focus focus focus .. No changes for two weeks and it's ON! No change of Plan Big Brother Mike!

FYI: I am taking Nelson to Mytle Beach, South Carolina on 24-28 May. No trading that week and I will do my system review (inclusive of indicators) upon our return.

Beth (Almost forgot - Big Bro Mike is my HONORABLE guardian! )


Beth,

Yes, of course Mike is right, my apologies to you both. I don't want to distract you from the course you're on in the least and we all know trading is far from child's play and I meant using BT was child's play definately not trading! Just wanted to point out what a useful tool BT can be with other instruments: something to have fun experimenting with until you've mastered a single approach and instrument before expanding your horizons.

All the best
Z Cars

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  #354 (permalink)
 wgreenie 
Cambridge, Ontario
 
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Price currently trades around 1145 and it's substantially outside yesterday's Value Area 1162.75-1169.75 (a narrow range of 7 points). If it remains outside when the market opens, the VPOCs will be as follows:

Top 1153.00
Bottom 1110.75

Depend on the strength of the selling initiative when the market opens, one may choose to Short OR wait for a Long opportunity IF and when some responsive buyers show up.

I had a troubled night. My petite head spinned for a few hours after eating some poison food. May not trade this morning. Will play it by ear.

Have a Successful day.

Beth

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  #355 (permalink)
 wgreenie 
Cambridge, Ontario
 
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ZCars View Post
Just wanted to point out what a useful tool BT can be with other instruments: something to have fun experimenting with until you've mastered a single approach and instrument before expanding your horizons.

All the best
Z Cars

Hi ZCars

Thanks for your best wishes. No apologies required. We're just pulling your leg LOL!

Yes, BT is a very useful tool and I am grateful that you shared the link with us.

Beth

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  #356 (permalink)
 wgreenie 
Cambridge, Ontario
 
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Another Green morning to end the week. Actually, I believe this week has been ALL green LOL!

Goals Accomplished:

1. Preserve Precious Capital - I did two 1-contract Long trades (could be considered as counter-trend trades though PA does not work that way .. haha) and one 2-contract Short.

2. Trade Management: I am quite happy with the way I managed my trades esp the winning ones.

Emotion: Very calm throughout even the second trade was a losing one.

Lessons Learned:

1. For the second Long trade - I was late (sort of chasing a little bit) and should have got out with 2-3 ticks profit. Will NOT chase in the future as there are always high probability trades waiting for me!

Additional Item to be added on my To-be Improved list:

1. How can I manage a 1-contract trade better, ie having a predetermined PT or let it go a little before entering a PT order (certainly SL is a MUST)?

Appreciate your sharing any tips with me. Thank you.

Beth (a Smiley again even I'm still a little under the weather )

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  #357 (permalink)
 wgreenie 
Cambridge, Ontario
 
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Let me map out the daily results as follows:

Mon $70
Tue $575 (should I tabulate this as I did 5-7 trades that morning after the first hour dilemma?)
Wed $190
Thu $205
Fri $80

Total $1,120
Total $545 excl Tue

18 Green mornings vs 1 Red morning (between 19 Apr and 14 May 19 trading mornings)

Realization This Week:

1. When a trade was aligned with Mr Market, its PT(s) got hit within a minute or so!

2. Price Action really works! This morning I had 2-3 trades speaking to me, ie Buy me .. Sell me .. haha Funny that for some split seconds the EMA lines were invisible even they're there .. smile ..

What's Next:

1. Spend time to learn PA and practise more.

2. Performance Review on the Trader Me!!

Continue enjoying your day!

Beth

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  #358 (permalink)
 wgreenie 
Cambridge, Ontario
 
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Today's Initial Balance: 1132.25 - 1148.50 (16.25 points range)
Today's Value Area as at 11:10 am: VAH 1142 POC 1140 VAL 1134 (8 points range)
Open @1146.25
VPOCs: Bottom 1110.75 Top 1153.00

According to the 80% Rule Strategy, one should consider Short UNTIL Mr Market switches gear!

Beth

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  #359 (permalink)
 Big Mike 
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Fantastic work this week Beth, keep it up!

Enjoy a well deserved rest this weekend with the family.

Mike

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 wgreenie 
Cambridge, Ontario
 
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Big Mike View Post
Fantastic work this week Beth, keep it up!

Enjoy a well deserved rest this weekend with the family.

Mike

Thanks Mike for your encouragement! Will take things easy this weekend .. smile ..

Wishing You and Everyone a Lovely weekend.

Beth

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