Tuesday, July 15, 2008

Journal

Yesterday -2.65R, today +0.5R

I'm finding it hard to make money lately, I keep getting up to 1.5R in the first two trades, and then it's going all the way down to -3R and such.

I've decided to change my style of trading now for a more defensive trading since I lose money lately, Yesterday I got back to break even on my account Value..

I will be focusing on making my R higher, and in the meanwhile, I'll just trade lightly, much less per day, since I don't wanna be losing all of my money, so, from now on I'll call a day with +1.5R, and I'll try not to lose more than a R.

I calculated it, and it mounts up nicely, saying my R = 45$, and I get 67.5$ on a nice day (1.5R), and I get net gains of 12 days a month, I still get 810$, which is better than braking even..
I higher my R each week, so eventually my R will be 400$ or so, and it'll mean I could possibly get 7200$ a month, which is very nice for me..

My goal in trading is to be financial free, free of work, which means I can work one hour a day, and then go surfing / snowboarding / replace this box with your favorite thing to do - the rest of the day. Of course that I'll want to open a business one day, so I could get some "real money" and buy myself a Porsche, but for now, just having money and not working on a day job will own :)

I'd like to say thanks to all of my friends on the blogosphere, you are all being supportive, and I appriciate that.

3 comments:

Anonymous said...

I guess you are starting to understand what I was talking about all along...
It is a fucking difficult mind game much more than it is technical or anything else stocks related.

Tomer said...

Yeah, that's the most difficult thing I've ever done..

Anonymous said...

I always inspired by you, your thoughts and attitude, again, appreciate for this nice post.

- Thomas