On this blog, I will document in realtime an attempt to multiply a forex trading account from $300 to $3,000. I will record each trade and post it on Youtube, so you'll be able to watch as my account balance changes in real-time. I will create ten seasons, one for each multiplier milestone ($600 account balance, $900 account balance, etc.) Once a season is complete, I will post videos once per day.
Monday, October 19, 2009
Season 1, Episode 16
This was my first near-margin-call trade. Luckily, I was able to manage it without a big loss. Oh, the joys of leverage! If you enjoy these videos, please become a follower!
Your methodology is totally backwards my friend. I guess we both know where you picked up the penchant for countertrend trading don't we...LOL. I won't be so trite as to tell you the trend is your friend but I will say that you should stop fighting momentum. You are making trading much harder than it has to be. The markets can only go up, down, or sideways and which ever way it is going it will tend to continue in that direction more often than not.
Your methodology is totally backwards my friend. I guess we both know where you picked up the penchant for countertrend trading don't we...LOL. I won't be so trite as to tell you the trend is your friend but I will say that you should stop fighting momentum. You are making trading much harder than it has to be. The markets can only go up, down, or sideways and which ever way it is going it will tend to continue in that direction more often than not.
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