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[FMC]

Hi all....just wanted a place to start my trading journal. I almost blew a small account. Opened the account at $347.02. It dipped to as low as $36 I believe.

I fell into the trap of thinking I had a lot of equity to play with. And as always, when you get into that line of thinking, you think you can do anything and experiment anyway you like. Well, I got caught in over sized trading and before I knew it, my original capital dwindled to the amount above. I started to think about my strategy and tweaked it a little. I also decided to reduce my position size to .01 lots. The smallest possible on my micro account. I'm glad I did. I am learning better how the market moves and feel more comfortable and confident in the trades I am placing despite the small account size.

I began documenting my trades around $42.65 a few weeks ago. The account reached as high as $61 and some change. Today, its sitting at around $50.19 in open equity and about $55.19 in balance.

I have 13 positions currently opened. Some in profit, some not...with an open negative equity of around $50.09 as of this writing.

Anyway, I will tag my official starting recovery dollar amount at:

$42.65 as of 12-04-2009.

I would like to set a target to recover the full amount of $347.02 as my first step. I do not have a time frame nor a daily target of what I expect to make. Just sticking with my plan of .01 lots and documenting things as I go....

One more thing, I will be posting all trade journal screen shots in PIPS and not in actual $ amount. This is for 2 seperate reasons.

1st reason - The amount is so insignificant right now, I do not want to base my decisions on $$$ amount, but instead on pip size and what I see on the charts.

2nd reason - By following the first reason, if and when the account does grow to something substantial, it will not affect me as much psychologically with the larger profit/loss results....

[FMC]

Here are my most current positions.....I was going to hand type the lot but there are 13 positions and would be too much for me to type. Instead, I have enclosed a screenshot...