MightyOne wrote:I love watching and analyzing charts.
I love trading.
I just don't like NOT making $$.
If you know where you are going...
"Body in the direction of profit, wick in the direction of loss, if I know 'something' different then I'll do something different"
Space Wars: $0.10 (1 to 3 charts at once)
Daily Chart: $0.30 (3 to 5 charts at once)
Space Wars: 'Space Manipulation'
Daily Chart: 'shedding'
List of goals:
What follows is not important, what is important is that you set a macro goal
and then break it down into achievable pieces.
Set high goals and then build the steps to reach them:
Macro Goal: +0
Mini Goals: +39%
"I am trading large charts, using small charts, to a %target"
Micro Goals: accumulation:
"I need to focus on increasing my position size, end of story"
"I am trading the daily chart so I need my monthly income in 200 pips"
"I need $4500 so that means that I need to trade at $22.50/pip"
"$22.50 spread over 5 charts is $4.50/pip"
Account Size: $9000
Approximate Risk: 5% per chart
"I can't afford that right now so I am going to trade at $0.45/pip and target $450/month"
"In 18 months I should have $8100 + my starting balance of $900"
"I just need +20 macro pips on 5 charts in one months time"
This weekend I will give some thought to this.
I can tell now being im unable to watch small charts for extended periods Im leaning toward dailys.
Thing I dont like about this is Im trading for pips.
AT LEAST ITS MACRO PIPS.
Those are much easier to get.