yay! first real money trade for me in a few years. I think I've finally found a system/platform/strat that I really like and matches me perfectly. So to test (after many weeks of paper money testing) I funded my account with $100 (about the minimum needed to trade a micro) and dip my toe in the water.
The market (this is the micro S&P 500) was in a little bull run with the MACD also showing bull.
I entered on a slight retrace. One thing I really like about the platform is how u can instantly close the trade down and also how it shows u the amount in open p/l.
Another awesome feature is how the software lets u trade with a target and stop along with any entry. U can see here that my stop allows the market to move a little, while i just want a little profit off each trade.
Most people lose money. It's because the odds are NOT in a trader's favor. There is commission, slippage, news, wars, etc. One the a trader can do to be disciplined and stand a chance is to limit themself to when the market is good for their strat and style of trading. I found that I much prefer (and win way more) during the quietest hours before the Asian market even really starts. This like driving on a calm, 1 lane road compared to when it turns into a 10 lane road (after Tokyo opens), or worse when most traders are going, during the NY open, which is like driving on a 50 lane freeway!
see what happens AFTER tokyo opens? (exactly when price starts running)
and here's the final. Not the biggest win, but a win is a win is a win. and where else will i increase my account by +6.85% in a day?!
:P
ps. I think I will add some capaital so that the margin is not so used on each trade.
