JDTRADER - Forex Spreadbetting Journal

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Old Aug 18, 2010, 5:24am   #1
Joined Jan 2009
JDTRADER - Forex Spreadbetting Journal

Hi Traders

£97.00 to Financial Freedom starts here TODAY.
Wednesday 18th August 2010

Trading on Smart Live Markets

Trading Forex, Stocks, Commodities and Indices

Trading Plan-
Smart Live Markets start £97 to build Balance using the 3% rule.
Trade Forex, Stocks, Commodities and Indices
Build up trade balance to trade more per pip
Target 12 weeks straight making £1,000 profit
Complete Target move to 60/40
Weekly Profit - 60% wages 40% reinvest into trade balance

THEN WORK FULL TIME PRO TRADER


Its a Marathon Not A Sprint


On the way learning more about Forex and all trading in general. I have set up a Business Plan and will be treating this path as a journey to become financially independent and earn my living from Trading. I will try to trade every working day from Monday to Friday.


Last edited by Androosh; Aug 23, 2010 at 4:24pm.
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Old Aug 18, 2010, 5:37am   #2
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Re: JDTRADER £97 to Financial Freedom

JDTRADER started this thread Jumped in last night when I was setting up the account on Smart Live Markets and opened a position.

EUR/USD SELL 1.28966 closed 1.28916 +5pips = £0.50

So opening Balance for this morning £97.50
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Old Aug 18, 2010, 6:08am   #3
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Re: JDTRADER £97 to Financial Freedom

JDTRADER started this thread GBP/USD
BUY 1.55467
STOP 1.55308

all trades at 10p per point untill further notice

Stop moved 1.55487
Stop moved 1.55510
Stop moved 1.55527 volume dropping off
Stopped 1.55527 +6pips £0.60

I could of moved stop in front of entry for a scratch if no big move but at this stage its about capital defence and scalping for profit building. Want to get to £200/£300 before letting profits run but if all the indications say let run I will but if not scalp for profit.

Soon as trade goes positive I'm moving stops for defence of position

Last edited by JDTRADER; Aug 18, 2010 at 6:44am.
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Old Aug 18, 2010, 6:36am   #4
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Re: JDTRADER £97 to Financial Freedom

JDTRADER started this thread FTSE 5347

I'm seeing it going up above 5364 to 5398 today
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Old Aug 18, 2010, 6:46am   #5
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Re: JDTRADER £97 to Financial Freedom

JDTRADER started this thread Early S&R for GBP/USD S1.5541 R1.5561

Hit R & S broke support got it right but was not sure to trade. Nice to see I charted it correctly........

missed trade 57pips

Last edited by JDTRADER; Aug 18, 2010 at 8:08am.
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Old Aug 18, 2010, 6:51am   #6
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Re: JDTRADER £97 to Financial Freedom

JDTRADER started this thread Will be mainly trading EUR/USD for the tight spread and watching the FTSE
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Old Aug 18, 2010, 9:00am   #7
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Re: JDTRADER £97 to Financial Freedom

What a 'journey'
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Old Aug 18, 2010, 9:10am   #8
 
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Re: JDTRADER £97 to Financial Freedom

lol - starting with 97 quid and taking a 'salary' out of the profits....

I think if you want financial freedom, you may want to hold off on drawing that salary until you have a slightly higher balance.

BTW - where did the extra 47 quid come from?
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Old Aug 18, 2010, 9:10am   #9
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Re: JDTRADER £97 to Financial Freedom

JDTRADER started this thread
Quote:
Originally Posted by JDTRADER View Post
FTSE 5347

I'm seeing it going up above 5364 to 5398 today
FTSE BUY 5323.3 stop 5310 TP 5364

stopped out 5310 -£1.33

Last edited by JDTRADER; Aug 18, 2010 at 9:44am.
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Old Aug 18, 2010, 9:15am   #10
 
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Re: JDTRADER £97 to Financial Freedom

Quote:
Originally Posted by JDTRADER View Post
FTSE BUY 5323.3 stop 5310 TP 5364
Position size ?
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