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Hi, my name is Nhat. i been trading in forex about 2 years. i lost about 10k since then after that i went to work for 1 years and save up a small capital also trade demo. From yesterday i have my account set up with $2000 with MB trading. i also have a trading methodoly, money management and a plan to turn this account to 30k at the end of the year.
+ Trade eur/usd
+ Daily working time start at 3am est time.
+ Ninja trader and MBtrading ( renko with 7 ticks)
+ Spreadsheet for money management and trade records.
+ take screenshoot every trade that i took.
+ Daily target pips 40.
+ BE HONEST to my self.
If you turn 2 K into 30 K at the end of the year, that would be an annual performance of close to 2000% (equivalent to total gain = 28 K divided by initial capital or 2 K = 1400% over 9.5 months).
i know my english is bad, but i will try my best to detail all the trade that i take. First it will help me about psychology part. Because i know since the day i start trading i didnt apply money management, i didn't trust myself,. worst part is i didn't tell my self the true about trading. So today is the day for change because from yesterday i know i have to do it now or i will lost my last 2k. i already lost 170 out of 2k but i know what i did wrong, and i record it and memorized with so it wont happen again.
Time to change you Mr Nhat. i did to many things wrong, you learn about it but u never avoid it.
Things need to change:
- never move your stop.
- Never go against the market trend in each section according to you intermarket analysis indicator.
- Do not look for home run, get your daily target goal done and call it a day.
- Do not try to get revenge from market.
I know what you are saying, i dont really care about how much i will make i care about when im going to be profit, also if i dont give my brain a specific goal and due date , i never get to where i want to be. i think that call positive thinking.
This is 2 speadsheet that i use 1 for intermarket analysis and 1 for money management, record and goal tracker. And recent trade in negative land.
This trade did went in positive land for 20 ticks then reverse. i told myself take the money but i try to stick with my plan. Now it in - land but i still happy because i did follow my plan.
interesting dashboard, I have been thinking about creating something similar for my trading as I do my homework to have it semi-automated... is this done via DDE and interfacing with MBT API or some other API, curious.. thanks!
It use DDE yes. i love this tool i can say nver trade without it. OH it use MT4 data from Broco . well i love to have someone program it using VB. i try to do it my self but i could know how to get data from MT4 to visual basic.
