PANIC DAY!

I realised, as a newbie.. we tends to become greedy.. especially when you have made an amount that you are not expected to get!

I thought it was an opportunity, soon I discovered it was more than a DEATH TRAP. I ran PANIC; every transaction were made all went negative.. my FREE MARGIN became as low as 70%, with decreasing in MARGIN LEVEL!

During the time there were still transactions have made a little profit to my account. I rang up my SIFU.. asking for his help.. I passed him my account details..

Luckily.. it gave me chance to breath.. ALHAMDULILLAH

Let me give an example, to ensure you are not doing the same mistake! :



1. Your buy and sell size somehow need to be leverage. Suggestion 1:1, but due to my SELL transaction which gave you extreme losses, so I decided to use 1:1.25 concept.

2. This to ensure your FREE MARGIN to move above 100% (if possible based on current trend of pair), and to avoid MARGIN LEVEL from below 100%. (Avoid MARGIN CALL!)

3. Then, look at the H4 trend,what its look a like? On my case, I am lucky cause its still on BUY TREND!



4. When it goes up, I prepared with my PENDING ORDER,and by the time.. I also gain profit to increase my EQUITY and BALANCE.

5. In order to check the graph, I already have few custom INDICATORS which consider and extra cost for me.. but it really helps especially ICHIMOKU, TREND SQUIZZER (more than 1 version).

Lets see the result today:
Ok, as usual.. Let me calculate the Profit Made Within Last Week and This Week of Trading.

5/7/2011 - +USD 26.12
6/7/2011 - +USD 5.91
7/7/2011 - +USD 72.09
8/7/2011 - -USD 11.67
Total 1st Week - +USD 92.45

11/7/2011 - +USD 242.68 (highest profit in a day - for me)
12/7/2011 - +USD 116.40
13/7/2011 - +USD 10.60 (lowest during this week)
Total of USD369.68
Todate total of USD462.13

See ya!