buttercake's Trading Plan

Roughly how much time do you dedicate to developing your trading skills per week?

<5 Hours/Week

4th quarter 2010: uncontrolled use of time, maybe screen time pays off, otherwise just fun

60 min / day (claimed initially)

< 15 Aug 2010: Six hours per day lead to negative demo performance
 no tuning of weaknesses, just staring at charts, maybe some patterns learned

What kind of currency pairs do you trade?

Majors Euro Crosses Yen Crosses Pound Crosses

What motivates you to be a trader?

Scalability, leverage, applied theories, improving myself, gained insights are reusable in other sectors of life

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Using a percentage based on the value of your account, how much do you expect to make per month?

Chart?chs=90x90&cht=pc&chco=ffffff00,ffffff00,25b1ca|e6e6e6|ddf8cc|e0e0e0|e5ecf9&chd=t:0|0|3,97&chp=4 % 3

  • Jan 2011:   the sum of two weeks should become profitable
  • 2010 targets missed - still learning - demo
  • June 2010: positive gain per month, at least per quarter
  • May 2010: get rich quick :-) , avoid ponzi schemes

Which timeframe do you use most often?

4Hour Charts

Depends on S/L size, i.e. 300 pips S/L with low value per pip may last over weekends.

What trading-related goals do you have?

Double a demo account with less than 2 pct risk per trade.

Jan 2011:
negative performance, hope screentime pays off long term
started reading books about FX
use mt4 or jtrader more often

May 2010:   it takes > 3 years???

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