So here I am! Pippinlongstockings coming at you from the heart of Europe. Happy to be here, happy to have you. I’m going to be documenting my newbie FX journey as I go from my demo accounts to a real life money account. It’s going to be a big step so this blog is going to be a help one day down the line.
But why a blog you ask? Here’s a superrr funny story. Two nights ago, I entered a USD/JPY sell position a bit earlier than I should have, but since my criteria for my strategy allows such a big stop loss and the way the markets were reacting, I read it as a trend reversal. After a few hours, I was +39 and on top of the world. “Should I exit and just take the pips? Na, stay in, you’re super smart Pippin! True, true!” was literally going through my head. So what happened a few hours later? BOOM, -56! Sick bro. Oh, that’s not funny at all. Actually, it’s sort of depressing now that my dreams are ruined forever.
I didn’t understand how an almost -120 pip swing could happen so quickly. Granted trading the Yen will always bring crazy swings, but why poor ole’ me in such a short period of time.
That’s the moment I said, I need a blog along with my trade journal for future reference. So here we are.
I’ll post other things along with FX to jazz your life up if you decide to follow me.