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    Thread: union12's trading journal

    1. #1
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      Default union12's trading journal

      Risk removal zone
      Hello guys, first of all i would clear you guys that i made this journal because i have disturbed niki sis a-lot and i wanted to make a journal where i can share my failed strategies so that people would not use them if they found them from anywhere. so this journal is basically to tell you guys to not to get margin call if you want to get success. Also i want people to come on right track before its too late. here i would share money management strategies, failed strategies, losing lots and whatever i would like is essential for learning purpose. i would tell you guys where the risk is in a specific strategy and also you should share your failed strategies so that other would learn that what could be dangerous for them.
      right now i'm working on hedge strategy which is not a failed one but due to my previous losses from forex market i'm a bit scared from sharing it with you guys because its in testing purpose. i'm adding a few things in it so that i would make it perfect after that i would share it here. that hedge strategy is basically sure fire hedging strategy and that is available on this forum. one of our moderator had arranged it in the book of hedge, thanks to him.
      now forum members and other visitors would think why i choose the name king of losers, so i want to clear to them that i'm a real loser and i'm not shy from showing it to people because if some others are there who are losing money like me or trying to recover their previous losses then they should join me to correct me and themselves also.
      i'm a busy person so i would update this journal very often so never mind because i would try to answer all of you if you would have any questions.

      so lets start with top mistakes i did and which you should not do if you don't want to be a king of losers.

      0. too much trades.
      1. Use of big lots.
      2. Entering trades without analysis.
      3. Entering trade when analyzed too much.
      4. Fighting with price to come back.
      5. Fighting with market to recover previous losses (if happened).
      6. Trading every signal.
      7. Trading sideways market using trend following strategies.

      i have hundreds of mistakes to write but i would like to show them to you other than writing it here. And below is an example of no "0" mistake and that is opening pending trade orders all in one line. if you have see my above message then you must know that i like to hedge because it works so a too much lots in one direction strategy would be opposite to my hedge strategy. so never follow no zero mistake ok, check below:

      Name:  gbpusd.PNG
Views: 252
Size:  164.7 KB

      Now i would share with you guys what i usually trade: so my strategy is trend following, that is whenever i found a trend i follow it until it reversed and then i would follow that reversed trend. Between that i use indicators, support resistance, price action, patterns etc. for hedge strategy i start with smallest lot and move to the highest until get profit. hedging is also risky because forex market is risky and we cannot ignore risk. if 95% are losers and i'm one of them then whats wrong? i guess nothing. Yet if 5% are winners and i would become one of them then i would be a hero haha and thats not that easy, talk is easy.

      Last edited by union12; 11-28-2017 at 08:43 PM. Reason: cutting


    2. #2
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      I find all the listed points as useful brother, I will stick with you as you share further stories and trades including tips on how not to get a margin call, your thread is unique and rare but the title I find hilarious though let the lessons begin, I am happy to visit your journal.


    3. The following 9 users say Thank You to Leonvic90 for this useful post.

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    4. #3
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      Welcome union12 to trading journal section your introduction is amazing and I think your goals and ideas will materialize I wish you success and good results, dont forget to share from time to time and I am pretty sure many readers will appreciate your updates, including me


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    6. #4
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      One thing I pick from what you have wrote is over trading of which I see my self as being guilty of as well. I think we can make money from forex trading depending on the level of knowledge and skills we have got. Losses are there to make us learn. So it is a good thing that you did made efforts to learn from the losses you have made.


    7. The following 9 users say Thank You to Blackmac for this useful post.

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      Finally you start your won journal here, welcome to trading journal section. I like your thread title lol.
      i have hundreds of mistakes to write but i would like to show them to you other than writing it here.
      OMG don't say you want to dedicating your bonus account and showing us hundreds mistakes to trade lol. It just a joke bro, I think it's nice idea to have this kind of trading journal. I will wait for your next post about this, perhaps I can learn something from you.
      where i can share my failed strategies so that people would not use them if they found them from anywhere
      There is no failed strategies in forex, perhaps it's only about bad timing or wrong direction. Imagine if you use opposite direction from your "failed strategy" then surely it will give you some profit, right?


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    10. #6
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      Quote Originally Posted by union12 View Post
      Risk removal zone
      Hello guys, first of all i would clear you guys that i made this journal because i have disturbed niki sis a-lot and i wanted to make a journal where i can share my failed strategies so that people would not use them if they found them from anywhere. so this journal is basically to tell you guys to not to get margin call if you want to get success. Also i want people to come on right track before its too late. here i would share money management strategies, failed strategies, losing lots and whatever i would like is essential for learning purpose. i would tell you guys where the risk is in a specific strategy and also you should share your failed strategies so that other would learn that what could be dangerous for them.
      right now i'm working on hedge strategy which is not a failed one but due to my previous losses from forex market i'm a bit scared from sharing it with you guys because its in testing purpose. i'm adding a few things in it so that i would make it perfect after that i would share it here. that hedge strategy is basically sure fire hedging strategy and that is available on this forum. one of our moderator had arranged it in the book of hedge, thanks to him.
      now forum members and other visitors would think why i choose the name king of losers, so i want to clear to them that i'm a real loser and i'm not shy from showing it to people because if some others are there who are losing money like me or trying to recover their previous losses then they should join me to correct me and themselves also.
      i'm a busy person so i would update this journal very often so never mind because i would try to answer all of you if you would have any questions.

      so lets start with top mistakes i did and which you should not do if you don't want to be a king of losers.

      0. too much trades.
      1. Use of big lots.
      2. Entering trades without analysis.
      3. Entering trade when analyzed too much.
      4. Fighting with price to come back.
      5. Fighting with market to recover previous losses (if happened).
      6. Trading every signal.
      7. Trading sideways market using trend following strategies.

      i have hundreds of mistakes to write but i would like to show them to you other than writing it here. And below is an example of no "0" mistake and that is opening pending trade orders all in one line. if you have see my above message then you must know that i like to hedge because it works so a too much lots in one direction strategy would be opposite to my hedge strategy. so never follow no zero mistake ok, check below:

      Attachment 72168

      Now i would share with you guys what i usually trade: so my strategy is trend following, that is whenever i found a trend i follow it until it reversed and then i would follow that reversed trend. Between that i use indicators, support resistance, price action, patterns etc. for hedge strategy i start with smallest lot and move to the highest until get profit. hedging is also risky because forex market is risky and we cannot ignore risk. if 95% are losers and i'm one of them then whats wrong? i guess nothing. Yet if 5% are winners and i would become one of them then i would be a hero haha and thats not that easy, talk is easy.

      Nice to see your own journal at last!

      Welcome to the journal brother dear! The Queen of MC meet the King of MC! hehehe

      Anyways, all I can say is that your margin call is your best friend and your best teacher, you either learned from it and become a much wiser trader in the future or you entirely get tired of getting MC again and again and eventually quit forex trading for good. So please choose your ending wisely.

      I have chosen mine wisely.

      Trade well, learn well and enjoy your journal brother! Goodluck!


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    12. #7
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      Good one union12 and a better welcome to the journal section. To be a king in trading is not an easy one and like some rules you pointed out, it is necessary to take them into consideration if really we want to be a successful trader. Forex is not an easy trade and its for our own good we manage this trade and build a great system that will give us a great access to earn. Nevertheless welcome once again and I do hope you make more profitable trading and show us why you are the king.


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    14. #8
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      Welcome to this tradning Journal Bro ,very nice idea and plan you shared .i wish you can overcome all your weakness here .i though don't like the hedging strategy as i feel that its very much difficult to get out from the market with it .


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    16. #9
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      welcome to the trading journal, we all learn from our mistakes and we need to make mistakes so that we can know what is the problems that e need to fixed, we need to make sure that we have a good trading system and strategy that will works well in every market condition and that ill help us to gain positive result


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    18. #10
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      welcome to your journal unoin12 and I hope you always update your thread because I want to follow your trade development and I hope it can be a lesson and knowledge for me
      but by the way the title of your journal is mocking me, cause i loss much


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