⚠️ Read This Before Trading From This Journal ⚠️
The Rules:
1. Focus on Percentages: Prioritise growth over revenue—compounding is your ally.
2. Mental Health First: Your well-being > portfolio > profits.
3. Risk Per Trade: Stick to 1-2% per trade—avoid over-exposure and over-trading.
4. Secure Profits Early: Move your Stop Loss (SL) to Breakeven (BE) or into profit and focus on new opportunities.
5. Be Patient: Don’t chase trades—let them come to you.
6. Trade Your Plan: Use your own confirmations (e.g., support/resistance, RSI, or other indicators).
7. Risk Management: It’s not just margin—plan exit strategies and accept losses as part of the process.
8. Know When to Pause: Sometimes, the best move is not trading at all.
9. Default Trade Direction: If not explicitly stated, the trade will be short, as this is my preference.
Profit Strategy:
- Take Profit 1 (TP1): At 20%, move SL to BE and sell 50% of your position.
- Take Profit 2 (TP2): At 40%, move SL to +20% and sell another 25%.
- Let It Run: From here, let the trade run to either capture more profits or close at a profitable level.
> This is my usual approach but not a rigid rule—I may adapt based on market conditions.
Stop Loss:
- No fixed SL—trades are managed manually and are never left unattended.
Leverage:
- I use 25x or if not permitted, the highest possible (12.5x / 20x) but never more.
Important Disclaimer:
These are my trades and should not be followed blindly. I might make a profit in the morning, allowing me to take a loss later in the day—this could be very different from your situation. Always trade according to your own risk tolerance, strategy, and goals.
PS - This journal isn't suitable for copytrading and will never be enabled.
