Dear Friends,
Iam attempting to record my trades in this trading diary .
I am trying to follow a system , and hope this diary will help me to follow the system rigorously. i will write about the system in few days as it takes some time to explain about the system .
Trading capital is 60000/-(Sixty Thousand Only). Trading is done with 2 lots of crudeoil , as long as my capital is more than the margin required for 2 lots.
If there is not enough capital for margin of 2 lots due to losses,trading is carried with 1 lot , and if there is no capital to trade 1 lot also , thats JAIHIND (goodbye) for the time being.
If account grows (yeah..Dreamz Unlimited), another lot will be added after 50000/- of profit.
Chart looked at is crudeoil 1 hour chart. Margin for 1 lot is 26140/- for today.
Please Dont look at percent of appreciation or percent of depreciation of capital as these trades are overly over leveraged trades.
Trade1:
Long 2 lots @ 5229 SL hit @ 5215
Points = 5215-5229 = -14; Loss= -14*200 - 150(brokerage+charges) = -2950
Trade2:
Short 2 lots @ 5215 Trailing SL hit @ 5211
points = 5215-5211 = 4; Profit = 4*200-150(brokerage+charges) = 650
Trade3:
Long 2 lots @ 5211 closed @ 5209 at 11:54pm
Points = 5209-5211 = -2; Loss= -2*200 - 150(brokerage+charges) = -550
Total Points loss = -14+4-2 = -12
Total Loss = -2950+650-550 = -2850
Capital = 60000-2850 = 57150
Happy Trading,
Alex
Iam attempting to record my trades in this trading diary .
I am trying to follow a system , and hope this diary will help me to follow the system rigorously. i will write about the system in few days as it takes some time to explain about the system .
Trading capital is 60000/-(Sixty Thousand Only). Trading is done with 2 lots of crudeoil , as long as my capital is more than the margin required for 2 lots.
If there is not enough capital for margin of 2 lots due to losses,trading is carried with 1 lot , and if there is no capital to trade 1 lot also , thats JAIHIND (goodbye) for the time being.
If account grows (yeah..Dreamz Unlimited), another lot will be added after 50000/- of profit.
Chart looked at is crudeoil 1 hour chart. Margin for 1 lot is 26140/- for today.
Please Dont look at percent of appreciation or percent of depreciation of capital as these trades are overly over leveraged trades.
Trade1:
Long 2 lots @ 5229 SL hit @ 5215
Points = 5215-5229 = -14; Loss= -14*200 - 150(brokerage+charges) = -2950
Trade2:
Short 2 lots @ 5215 Trailing SL hit @ 5211
points = 5215-5211 = 4; Profit = 4*200-150(brokerage+charges) = 650
Trade3:
Long 2 lots @ 5211 closed @ 5209 at 11:54pm
Points = 5209-5211 = -2; Loss= -2*200 - 150(brokerage+charges) = -550
Total Points loss = -14+4-2 = -12
Total Loss = -2950+650-550 = -2850
Capital = 60000-2850 = 57150
Happy Trading,
Alex