Financially Carefree

21st win for the 21st century! Also, it's a number in the Fibonacci sequence! How mysterious. Here's an executive summary at the bottom to commemorate the 21st win: Summary: Pips harvested: 349 Record: 21 TP (take profit), 3 SL (stop loss) Total pips to date: 6344 Calendar Days from first win: 29 + 28 + 31 + 4 January Statistics: Pips harvested: 5038 Average pips/trading day = 251.9 Record: 11 TP, 0 SL February Statistics: Pips harvested: -191 Average pips/trading day = -6.8 Record: 14 TP, 1 SL March Statistics: Pips harvested: 1148 Average pips/trading day = 57.4 Record: 20 TP, 3 SL Executive Summary: Pips harvested: 6344 Average pips/trading day = 13 weeks = 13 * 5 days = 97.6 pips/day Record: 21 TP, 2 SL Account increase: >63.4%, neglecting compounding profits, within 3 months and a week! Let the numbers speak for itself. Financial freedom, here I come.

23rd trade, and 3rd loss! :( This one came as I was fiddling around with the SL threshold, and I didn't stick to my initial SL which was way lower than this one. Next time, just trust the system! Summary: Pips harvested: -715 Record: 20 TP (take profit), 3 SL (stop loss) Total pips to date: 5995 Calendar Days from first win: 29 + 28 + 21

I've posted before about quick TPs, and this one only serves to prove that it isn't beginner's luck! As long as you're not too greedy, profits are always waiting around the corner! By the way, 300 pips is equivalent to 3% of the trading account. 😆 Summary: Pips harvested: 300 Record: 20 TP (take profit), 2 SL (stop loss) Total pips to date: 6710 Calendar Days from first win: 29 + 28 + 13

A second hiccup! Hiccups are usually part and parcel of the trading life. But always, remember to set Stop Losses! As the name says, they stop your losses from going further than you want. Summary: Pips harvested: -676 Record: 19 TP (take profit), 2 SL (stop loss) Total pips to date: 6410 Calendar Days from first win: 29 + 28 + 10

Sometimes it's hard to believe when profits roll in so fast. But with SRDC, I know it will happen. Imagine getting 2.75% of your account balance in 3 hours! Summary: Pips harvested: 275 Record: 19 TP (take profit), 1 SL (stop loss) Total pips to date: 7086 Calendar Days from first win: 29 + 28 + 10

Unsatisfied by the small pips earlier, I took another trade to ride the downtrend late at night. It was a good supper. Summary: Pips harvested: 440 Record: 18 TP (take profit), 1 SL (stop loss) Total pips to date: 6811 Calendar Days from first win: 29 + 28 + 8

Another mini trade! But, positive pips are still pips, no matter how small! Each pip is a baby step towards the end goal - financial freedom. Gotta be pip-hungry. Summary: Pips harvested: 252 Record: 17 TP (take profit), 1 SL (stop loss) Total pips to date: 6371 Calendar Days from first win: 29 + 28 + 7

Looks like the trend is down! Unlike the stock markets, even down can also be profitable! Summary: Pips harvested: 808 Record: 16 TP (take profit), 1 SL (stop loss) Total pips to date: 6119 Calendar Days from first win: 29 + 28 + 6

Now that I noticed it, I haven't been in as many sell trades compared to buy trades. Perhaps the uptrend is over already? As February has closed, let's have a review of its summary at the bottom: Summary: Pips harvested: 464 Record: 15 TP (take profit), 1 SL (stop loss) Total pips to date: 5311 Calendar Days from first win: 29 + 28 + 3 January Statistics: Pips harvested: 5038 Average pips/trading day = 251.9 Record: 11 TP, 0 SL February Statistics: Pips harvested: -191 Average pips/trading day = -6.8 Record: 14 TP, 1 SL All in all, that single SL contributed to a negative ROI for February, however it wasn't significant thanks to my other TP and the safety net that I had set. March 2017, here I come!

A rather small trade, but still a good one! Getting my pips back one trade at a time. Summary: Pips harvested: 236 Record: 14 TP (take profit), 1 SL (stop loss) Total pips to date: 4847 Calendar Days from first win: 29 + 23

The hit from the previous loss was hard, but thanks to the Stop Loss that I set, my losses were much limited. Now, onwards to regaining my pips! Summary: Pips harvested: 377 Record: 13 TP (take profit), 1 SL (stop loss) Total pips to date: 4611 Calendar Days from first win: 29 + 17

My first losing trade! The price reversed in the opposite direction while I wasn't monitoring. Lesson to be learnt! Summary: Pips harvested: -1216 Record: 12 TP (take profit), 1 SL (stop loss) Total pips to date: 4234 Calendar Days from first win: 29 + 10

Whew! Aimed too high, but managed to retrieve a profit before price dropped back down. Summary: Pips harvested: 412 Record: 12 TP (take profit), 0 SL (stop loss) Total pips to date: 5450 Calendar Days from first win: 29 + 7 1

I thought my previous trade would be the last of January, but I spotted an opportunity in the early afternoon! Summary: Pips harvested: 515 Record: 11 TP (take profit), 0 SL (stop loss) Total pips to date: 5038 Calendar Days from first win: 29 1st week:  Average pips/ trading day = 294.2 Pips harvested: 1471 Record: 3 TP (take profit), 0 SL (stop loss) 2nd week:  Average pips/ trading day = 440.6 Pips harvested: 2203 Record: 5 TP (take profit), 0 SL (stop loss) 3rd week:  Average pips/ trading day = 0 Pips harvested: 0 Record: 0 TP (take profit), 0 SL (stop loss) 4th week:  Average pips/ trading day = 181.2 Pips harvested: 906 Record: 2 TP (take profit), 0 SL (stop loss) January Statistics: Pips harvested: 5038 Average pips/trading day = 251.9 Record: 11 TP, 0 SL Overall, I had a fantastic January! Counting pips alone and ignoring compounding interest, I would have gotten an additional 50.38% to my account balance, in a...

Final push for the last trade of the month! Admittedly I should have traded more consistently. Summary: Pips harvested: 391 Record: 10 TP (take profit), 0 SL (stop loss) Total pips to date: 4523 Calendar Days from first win: 29

A slow start for the day, but it still TP'ed the next day! Summary: Pips harvested: 458 Record: 9 TP (take profit), 0 SL (stop loss) Total pips to date: 4132 Calendar Days from first win: 15

Took a trade on Friday evening - TP on Monday morning! What Monday blues? Officially Week 2 since my first TP in 2017! Summary: Pips harvested: 332 Record: 8 TP (take profit), 0 SL (stop loss) Total pips to date: 3674 Calendar Days from first win: 14 1st week:  Average pips/ trading day = 294.2 Pips harvested: 1471 Record: 3 TP (take profit), 0 SL (stop loss) 2nd week:  Average pips/ trading day = 440.6 Pips harvested: 2203 Record: 5 TP (take profit), 0 SL (stop loss)

Shortly after TP-ing the previous day (while I was asleep), another opportunity arose and the rest is history! Summary: Pips harvested: 867 Record: 7 TP (take profit), 0 SL (stop loss) Total pips to date: 3342 Calendar Days from first win: 10

One of those longer trades thus far, with emotions similar to the chart! Summary: Pips harvested: 565 Record: 6 TP (take profit), 0 SL (stop loss) Total pips to date: 2475 Calendar Days from first win: 9

TP in the morning! Time to wrap up for the day and relax.  Summary: Pips harvested: 439 Record: 5 TP (take profit), 0 SL (stop loss) Total pips to date: 1910 Calendar Days from first win: 8

This trade spanned the entire weekend! A sigh of relief when it TP'ed!  By the way, the market is closed during Saturdays and Sundays, hence the gap in the dates seen in the screenshot below. As it has been a week since my first TP this year, I thought of putting up weekly statistics to measure my consistency (or lack of). Summary: Pips harvested: 420 Record: 4 TP (take profit), 0 SL (stop loss) Total pips to date: 1471 Calendar Days from first win: 7 1st week:  Average pips/ trading day = 294.2 Pips harvested: 1471 Record: 3 TP (take profit), 0 SL (stop loss)

Really didn't expect this one to come so soon after my previous win, within the same day! Always keep our eyes peeled to grab opportunities! Summary: Pips harvested: 382 Record: 3 TP (take profit), 0 SL (stop loss) Total pips to date: 1051 Days from first win: 2

2 days after my first win, the second one came shortly after! Beginner's luck? Let's see how I continue to fare! Summary: Pips harvested: 350 Record: 2 TP (take profit), 0 SL (stop loss) Total pips to date: 669 Days from first win: 2

3rd of January 2017 marks the first trade and triumph of 2017! As this is my first trading post, please refer to the guide below for more explanation! Summary: Pips harvested: 319 Record: 1 TP (take profit), 0 SL (stop loss) Total pips to date: 319 Entry price = 1150.73 Exit price = 1153.92 Target Stop Loss = 1135.74 Target Take Profit = 1153.92 (green means TP achieved) As this was a profitable "Buy" trade, the Pips Harvested = 1153.92 - 1150.73 * 100 = 319 pips If it was a profitable "Sell" trade, we would expect the figure to be a negative! Here's to a profitable and pipastic 2017!

Hello world! In this blog, I will share my early trading journey with SRDC, a worldwide community dedicated to educating people about trading, which I have been following for nearly 3 quarters now. What inspired me to join in this community is the likely and forseeable near future that I can achieve with them - Financial Freedom. Why trading? I've thought about the various side incomes I could pursue. The property industry, Amazon businesses, shares, book royalties... all possible profitable investment options and side incomes, but I still settled for simplicity in the end. What is easier, and has the least capital required than simply an internet connection and a laptop? With that said, simply learn how to trade, and the future is assured with a few clicks of the mouse. That being said, the journey of learning how to trade does emulate the market: full of ups and downs, with ups being the fruit of labour, and the downs being 'tuition fees' to the market for les...