Monday, August 3, 2009



05:30PM

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Is it just me (jinxed) or is it something else that whenever I found something good and tried to share that goodness through blogging, it slowly backfires and became a disaster. I experienced it once when I created my previous blog. When I first started back then with my first forex blog, my trades were good and prompt me to share my experiences even giving out signals. But I guess I'm giving myself unnecessary pressure because after a while I was not just blogging for fun but feels that I need to perform well and have winning trades every time to share with my readers. Those undue pressure and the subsequent events of losing trades that follows when you're trading with your emotions was what led to the closure of the blog.

Now, I feel that it is happening again. Why I'm saying this is because two and a half months ago I was having good trades and even have long winning streaks. Then I started this blog and this past few weeks, all the winning streaks have gone and replace with a few wins here and there plus a string of losses. I don't blame my trading method. to me it is still a good strategy but have a few flaws that can be easily rectified. The only thing that hinders me from having success is time, money and this unnecessary pressure to do well for this blog.

I have a day job and can't afford to quit from it yet as I still have debts to pay and no life savings to bail me out. The past few weeks, the office is a bit hectic and thus leaves me little time to trade and when I did make time to trade it was a very rushed affair with a small evaluation of the would be trades. Now, when the time to close the trades came, I was busy doing work and didn't have the time. When I finally had the time, the position is either closed due to stop loss being hit or had turn to the negative side which puts me in a dilemma to either close it with the loss or let it be and hope for the retracement. The hoping part is where the loss then becomes a much bigger loss.

On the other hand, money or lack of it is also the reason. I am not going to delve on this today. I will talk about this some other time.......if I have the time. I'm sad to say that from now on I will limit my time on this blog and only post when necessary. The only thing I will update regularly is the statistics page at the right hand side of this blog. I'm doing this so that I will have no pressure whatsoever to perform well for the blog but only to perform well for myself.

Anyway, last week's performance was disappointing. My account balance was left with only $0.12 cents. But don't count me out yet. As long as there is money left in the account I will still be trading even if it takes me years to be successful.

Trade well and enjoy life
Juf,
The PipMaster.

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2 comments:

  1. hi Juf,

    Similar case as yours. I started trading with only $3. Now funded account up to about $100 and targeting daily profit of only few dollars for now. Believe that if someone cannot make money from few cents, he wont be able to do it given any amount. So, may your account be multiplied many times. Good luck !

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  2. Hi Changitrader,

    Thanks for the words of encouragement. I really need those in these times of despair. I will do all in my power to make those few cents grow.

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