The Way Up could be Down.

Yeah, that's what I wrote in my facebook wall last Friday. It's a reflection of the funny outcome of the first week of live forex trading: All absolutely negative. More painful were the ones with nice greens that later turned to hit the stop loss. Really funny indeed.

But there's no cause for panic, though nobody really do like to lose, it is inevitable in this market. But one thing is I know the maximum I could lose defined by my stop loss and money management, but my gains has no maximum and in multiples of the stop loss. Definitely I shall recover all by the trading edge of my strategies. I have proved it with almost 1 year of demo trading, so there's no cause for panic except to keep me sober and also recognise that nothing is absolute and there's no master of all.

I have learnt patience as part of what brings the ultimate triumph.

Forex Trading

I refunded my forex account today to begin a fresh journey.

The first attempt about 2 years ago was greatly short-lived: I gained about $300 and lost about $650 within a 2 weeks period for a net loss of about $350 in a $2,000 capital. So I quickly withdrew the remaining capital and went back to demo trading. I had only done about 2 weeks demo before then and was eagerly confident I could launch out only to beat a retreat. Of course it was the wise thing to do before my capital became total part of the 95% margin-call statistics.

I had been on demo since then and had been making good returns for close to a year now. I had attended more seminars, developed good personal strategies, adopted some others, and confident of the plunge this time.

I will be posting my thoughts, feelings, anything as much and whatever I feel like writing on my trading experiences for some time to come. I should hopefully make my first trade tomorrow or Friday if there's good signal.

This is a financial, physical, emotional and spiritual journey and experience.