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Athlete to trader

I would like to start with a picture:

what-my-friends-think-I-do-what-i-actually-do-trader

When I was a kid, I wanted to be the best soccer player in the world. When I got older, I wanted to be the best runner in the country, continent and in the world. When I told people that, they laughed. I told them my idea how and why. Even my family asked me if it wasn’t a better idea to spend my time on “real” things. But I didn’t stop dreaming from 0-28 years. In that time, I was in the European championship and the World championships. I won the national championship 9 times in a row. With or without injuries. I trained 6-8 times a week with a undoubtedly believe that this was my call. As many athletes experience, we get injured so bad that we can’t barely get up in the morning because of the pain. Of course, I started to enjoy my life more and realized that I could do other stuff that made me just as happy.

One night in a bus to Washington, I opened a book about Forex trading. It wasn’t a very exiting one. But for 6 hours straight I kept on reading (At that time I never had opened a book for more than 30 min). I simply couldn’t stop. I wrote down questions to the author and my 3 days in Washington was horrible. All I could think of was trading. I had the same feeling as the first time I ran on the track a cold winter night in January. I kept on reading and started a demo account. Didn’t know what to do besides Support/resistance lines and a couple of candlestick formations which I still found fascinating. I kept my 2% risk and after 100 trades I was still in great profit. Keeping it simple was for me a great deal of fun. But I asked my self : “what if I put more indicators on my charts…can you imagine the profits???”. Boy I was wrong. What happened was that I started doubting my self. Most of the time the indicators to different thing. The result was obvious. I didn’t really trade.

I read two books of Mark Douglas and the oldest Market Wizards books. For me those were like action movies where you really hear the stories of master minds. What I noticed was that they all had different approaches and background. Some even had success from the start of their career. Eventually I open a book about naked trading by Walter Peters. It all seemed so simple again and he was making a living out of trading doing these simple rules very effectively. But there was more to it than just trading his system. He actually encourage people to backtest his theories all the way. So I did, and here we are, I recently opened my first live trading account.

I will remain dedicated to trading just as I did with running. My training hours are even almost the same, but the good thing is that now, I can get out of bed every morning without sore legs 🙂

Oh and by the way…when I tell people about how I wan’t to be a trader, I get the same reaction as when I started running.

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Hi readers!

My trades this year has been going pretty well. I’m up 4.59% so far this year. But because of my lost jut before 2015, I’m still down about 1-2% which isn’t bad. My goal the first 6 months is to not blow up my account and learn from my mistakes. Of course I want to prove to myself that I can trade profitable, I most of all want to learn more about myself and my trading.

I’m still trying very hard to keep a journal every day but it’s tough because i really don’t have that much feelings with my trades yet. I’ve been going back and looked at my trades, but so far I can’t see any bad/emotional judgments.

In the following week I will start writing about myself on the about page.

Stay tuned and happy trading!

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Last two weeks

The last two weeks has been tough. I’m not sure if it’s because of the holidays and New Year, but the market have not moved to my favor. I’m confident that in the long run, this system I use will gain me profit. I still don’t have enough data/trades on my live account to go back and find any execution mistakes.

When looking at my Equity I’m still down around 3 % which I think is OK. One of my goals for the next 6 months is just to survive my account and see where it takes me. I might not be profitable, but I’m willing to take my time and most importantly I really enjoy trading 🙂

Status:

EURUSD +114 pips

USDCHF +161pips

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GBP/CHF loooong

It’s been a tough week for the 2e system – well from my part it has been. I’m down approx 5%. Looking back at my trades, I can see that I did follow my trading plan. It all comes down to probability. This week was simply bad luck and hopefully some good will come next week.

Friday afternoon I went long on GBP/CHF

I always make my trading setups in mt4 on a demo account and execute orders on different platforms

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GBPCHF 4h pending

I remember in “the Market wizards” one of the traders said “if you have to choose 1 out of many setups, choose the one that is your least favorite” well this one is just like that. The setup according to my trading plan is there. Wide spread between the EMA’s, Large mothercandle and a nice inside candle. When I looked through the charts, this one wasn’t my first pick. Anyways, here it is…

Sell stop at 1.5058 and SL 1.5144 – TP1 is down at 1.4972

Oh another thing. My first live trade earlier that was stopped out, was my first real live trade. It turned out to be a loser, but I don’t care. I executed accordingly and moved on to the next trade.

I’m also happy to see more people visiting my blog. If you have any questions please let me know and I would love to hear your thoughts on this. There will be more on the different pages when time is right.

Happy trading

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CADCHF pending order

This setup seems pretty OK. The distance between the two EMA’s is far away. Nice mothercandle and next an inside candle. Let’s see how it goes.

Stop buy at 0.8265 and SL around 0.8346 – first target is 0.8180

There is also a great setup on the EURCAD but the correlation between the two is almost 100% which means that my risk would be 4% instead of my 2% risk according to my trading plan.

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