Hello to all traders! I was away from the forum for quite a long time but i was trying to develop a so called "system" and try to trade the forex market for real finaly.
So after 5 years of
demo trading I decided to open an acc. with 600$! 300$ of the account are not mine, actualy a friend of mine gave them to me to trade his money.
So I use OANDA.com broker. They are offering good conditions for small size accounts. I can make the trading lots as small as 1 cent = 1 pip this is very usefull for beginners.
Ok let's go straight to the point. I use a 30 pips stop loss that is 1% on each trade on a 600$ acc. and a risk/reward at least 2.5 to 1. I trade 2 lots 1000$ each thats 1pip eqauls to 0.20 cent.
The first week I did grate I expected to do a 20% per month but i made 5% the first week that is 30$. Than I lost all of these 30$ on just one day....that was very hard for me.....i lost my fate in my judgemnt and I am no longer sure if can trade out of emotions.
And the worse thing is that half of the account is not mine so I am worried about that cause I have to show some results at the end of the month.
The account is still at 600$ but I was scared of myself that I managed to loose 5% from the acc. for less than a half a day and that scares me most because I used to loose not more than 1% on a trade.....broke the rules eventualy.I was runnig to get these 30$ back but that was a mistake.
Does any body went through that at the very begining of his trading carrer when he started to trade for the first time with real money? I think that I have mental problems more likeley than technikal....any comments or advices will be very usefull from the pros to give me some directions on how to continue to trade this account from now on.
I wish you very succesfull trading through year 2005 !
Thank you.
