Zack's Trading Journal to 1 Million Dollars

[Pearson]

Sell usdjpy 104.01 Target hit 103.50 +51 pips
sell gbpjpy 206.30 Profit taken 205.09 +121 pips
sell gpbjpy 206.00 profit taken 205.08 +92 pips
sell gbpjpy 205.29 profit taken 205.09 +20 pips

Trades Closed: 4
Pips Gained: +284 pips

I went long on gbpjpy at 205.01
Also went long on usd/jpy at 103.60

Current Account Equity: $643.13

[Pearson]

Hey All just thought I would give an update on whats happening with my account

Recent Trades Closed

gbpjpy .06 lots buy 204.39 profit taken at 205.04 +65 pips
gbpjpy .06 lots buy 204.58 profit taken at 205.04 +46 pips
gbpjpy .06 lots buy 205.01 profit taken at 205.03 +2 pips
gbpjpy .06 lots buy 205.01 profit taken at 205.03 +2 pips
gbpjpy .06 lots buy 205.31 profit taken at 205.03 -28 pips
euraud .06 lots buy 1.6373 profit taken at 1.6436 +63 pips
usdjpy .06 lots buy 103.60 profit taken at 103.90 +30 pips
gbpjpy .12 lots buy 204.81 profit taken at 205.50 +69 pips

Trades Closed: 8
Profit Gained: +249 pips

Current Account Equity: $665.54

Be Back with an update in a bit

[Pearson]

OK so over the next few days, I will be making some dramatic changes to my trading that I think all should know about....

The main thing is I will be withdrawing all but about $300 from my account.
The main reason for this is I figured I would give a go at the contest for June that my broker is doing....I have followed it in demo accounts for the last few months and I am pretty sure that I can win 1st place....this is quite a claim...but theres only one way to prove it

Second, it means that my equity will be dropping to $300 ish dollars pretty soon( I want it as low as possible so I don't feel like I have a lot of money on the line, i.e. I would feel slightly uncomfortable if I had 2K and going to be risking the amounts I will be

Third, I will have to be risking much more than the .01 lots for the $100.00 that I have been. The lot size that I use I consider 'safe' but risky at the same time.

Until the money is actually taken out of my account I will be continuing to trade as I do...I have already submitted for a withdrawal....just waiting for it to disappear from my account

I'm excited to see what happens and I will keep you all informed of what happens along the way....if all goes swimmingly this will be a dramatic boost towards my 1 million dollar goal

Hope to see you all around

[Pearson]

usdjpy .06 lots buy 103.60 profit taken 103.90 +30 pips
usdjpy .06 lots sell 103.95 profit taken 103.82 +8 pips
gbpjpy .06 lots sell 205.46 profit taken 204.82 +64 pips
gbpjpy .06 lots buy 204.82 profit taken 205.26 +44 pips
eurusd .06 lots sell 1.5791 profit taken 1.5757 +34 pips
eurusd .06 lots sell 1.5718 profit taken 1.5723 -5 pips
eurusd .06 lots sell 1.5746 profit taken 1.5723 +23 pips
gbpusd .15 lots sell 1.9770 profit taken 1.9757 +13 pips
eurusd .15 lots sell 1.5755 profit taken 1.5727 +28 pips
usdcad .20 lots sell .9900 profit taken .9935 -35 pips
usdcad .20 lots sell .9942 profit taken .9935 +7 pips
gbpusd .06 lots sell 1.9771 profit taken 1.9758 +13 pips
gbpusd .06 lots sell 1.9834 profit taken 1.9758 +76 pips

Trades Closed: 13
Profit Gained: +300 pips
Weekly Profit: +549 pips

Current Account Equity: $304.92
Funds Withdrawn: $375.00

My funds have been withdrawn in preparation for the contest as stated previously. As I also said before I will continue to trade the account like I have been up until the first day of June in which I will have to use less trades but more risk per trade.

[jarmin]

Good luck and keep us posted with your results in the comp. Who is your broker?

[Pearson]

Originally Posted by jarmin

Good luck and keep us posted with your results in the comp. Who is your broker?

InterbankFX

Here are some more closed trades:

audusd .06 lots sell .9614 profit taken .9586 +28 pips
audusd .06 lots sell .9586 profit taken .9586 +0 pips
gbpjpy .15 lots sell 205.73 profit taken 205.50 +23 pips
gbpjpy .06 lots sell 205.26 profit taken 205.49 -23 pips
gbpjpy .06 lots sell 205.73 profit taken 205.50 +23 pips
gbpjpy .15 lots sell 206.10 profit taken 205.49 +61 pips
gbpjpy .03 lots sell 206.05 profit taken 205.48 +57 pips
eurjpy .03 lots sell 163.72 profit taken 163.22 +50 pips
usdjpy .03 lots sell 104.26 profit taken 104.05 +21 pips

Trades Closed: 9
Profit Gained: +240 pips
Weekly Pips: +789 pips

Current Account Equity: $320.61
Current Rank in Contest: N/A

[rogan]

Good luck !!!
Whatever method you are using seems to be giving you some very nice pips

Do you trade full time ?

[Pearson]

Originally Posted by rogan

Good luck !!!
Whatever method you are using seems to be giving you some very nice pips

Do you trade full time ?

Um yes, but full time trading really is no different than part time trading other than I don't have to think about charts while at a job. Instead you just play video games, or hang out with friends, or do what you normally do

Here are some recently closed trades:

usdjpy .03 lots buy 104.06 profit taken 104.02 -4 pips
eurjpy .03 lots buy 163.22 profit taken 163.29 +7 pips
usdchf .03 lots sell 1.0315 profit taken 1.0305 +10 pips
usdjpy .03 lots sell 104.02 profit taken 103.95 +7 pips
audusd .03 lots buy .9584 profit taken .9609 +25 pips
gbpjpy .03 lots buy 205.54 profit taken 206.88 +134 pips
gbpusd .03 lots sell 1.9756 profit taken 1.9728 + 28 pips

Trades Closed: 7
Profit Gained: +207 pips
Weekly Pips: +996 pips

Current Account Equity: $305.30
Current Rank In Contest: N/A


Just to give everyone a heads up....I missed Nick's S/R break....I was sleeping, literally just missed it. oh well.....but I am now short on G/J

[Pearson]

I didn't really think that I had really closed that many trades this past day but I looked in my history and I have closed a few so I figured I would post them here

I am still waiting on a very significant drop from G/J, lets see what happens

Closed Trades:

gbpusd .03 lots buy 1.9742 profit taken 1.9798 +56 pips
eurusd .03 lots buy 1.5634 profit taken 1.5650 +16 pips
usdjpy .03 lots sell 105.11 profit taken 104.58 +53 pips
eurjpy .03 lots sell 164.06 profit taken 163.67 +39 pips
usdjpy .03 lots sell 104.87 profit taken 104.58 +23 pips
eurusd .03 lots sell 1.5587 profit taken 1.5583 +4 pips
gbpusd .03 lots buy 1.9701 profit taken 1.9756 +55 pips

Trades Closed: 7
Profit Gained: +246 pips
Weekly Pips: +1242 pips

Current Account Equity: $276.21
Current Rank In Contest: N/A

This means that I have reached my goal for this week of 1000 pips. I will be taking the rest of the week easy with the current trades I have open, and only adding new trades if there are real good setups or a Nick S/R trade

[EmoPrimeGold]

Hello Pearson

Am I wrong or your money is really decreasing?
$320.61 -> $305.30 -> $276.21
Why this if you are making more positives trades than negatives?

You could join the new chat room, to share your charts with all here.

You are making a good work.

Hope can see you in the chat.
Emerson