Binary Options

2015 has been great so far. My account is growing and at the pace I anticipated. I have also begun dabbling in binary options. They are a fun way to pass some time and a great way to make some quick money. I like to do the 120s options, the 30s are not predictable enough. For those of you who have never tried binary options, you should definitely give them a shot.

#YoungBuffett Out

Holidays

As many of you followers already know, I have been on a trading break due to the holidays. I want to wish you all a belated Happy Hannukah and a belated Merry Christmas. This week is the New Year! I am very excited for 2015. In order for me to stick to the 7 year plan, by 12.31.2015 my account will need to be at $615.28, which is very doable. Remember... the plan is $100 to $100M in 7 years. This means 15% a month. Compounding interest is an amazing thing. So, for the week of 12.28.2014, I will ONLY be placing my 2 days trades on Sunday and not placing my intraweek trades. I have already hit the goal for December 2014, so there is no need to not take my vacation. So for this half-week lineup check out the video below.

As I stated in the video, this will be the last time I simply record my orders being placed. I will be creating some educational videos for my Youtube channel and also creating some videos of my active day trading with the micro-strategy. What this means is in the weeks to come, I will be placing all of my orders, the why's and the thoughts behind each one on the blog again. Let me know which is better for you, which you like better... video or blog.

As I also stated in the video, please leave a comment, let me know if you have educational questions, do you understand Bollinger Bands, Pivot Points, etc.? Do you have questions about my system, orders, account balance, etc.? Let me know. If you don't want to leave a comment, please feel free to use the contact me form on the right hand margin.

Happy trading and HAPPY NEW YEAR!

#YoungBuffett out!

Intraweek Orders

I couldn't get my screen recorder to work properly yesterday when I placed my orders, so I am going to write about them instead.

Let's begin by going over which orders were executed from my Sunday trades. The AUD/USD was executed and within 7 minutes it took profit... giving me a 2.67% portfolio gain. This 7-year plan has one key element... I am not required to make a trade... I am merely required to make the right trades. I only trade when the signals are absolutely perfect.

As for my intraweek orders. Looking at the USD/CAD, I placed a short order at 1.17076 for 5K units, looking for a T/P at 1.16988. This entry order is a perfect split of the R2 and the upper Bollinger Band. This order is my favorite of the intraweek and all indicators point to an execution.

Next up, longing the AUD/CAD, 5K units at .93387 and a T/P at .93457. This order lines up the S2 and lower Bollinger Band perfectly.

I am very excited to be trading in the AUD/USD this week. A buy order placed at the perfect line up up S2 and my lower Bollinger Band (.81087) with a T/P at .80082.

Rather than going through all of my orders individually, I am posting the remaining orders here:

All of these orders are either a split different of R2 with an upper band, S2 with a lower band, or in some of the cases (the best cases) a perfect alignment of R2/S2 with the upper/lower Bollinger Band.

Happy trading. Merry Christmas. I will see you all on Sunday and will definitely be creating a video for that trading session.

#YoungBuffett Out

On track

$100 to $100M in 7 years. Do you think I am crazy? That means I need to average 3.555% a week or roughly .5% a day (5 days a week). For the month of December, I already hit and exceeded this goal. I am currently up 20.68% this month. If you have been following this blog, you know that I will take 50% of anything over my goal and transfer it to a safety account within Oanda... a sub-account. This sub-account will be there as a safety in case I have a month that does not meet the goal. However, I have yet to have a loser yet. I have been correct 94% of the time with my entry orders and have only sold for a profit... I have done this be re-entering a trade at a lower price (or higher depending on direction) and cutting my average cost. This is why I don't put all my eggs on the first trade.

#YoungBuffett Out.

12/21/2014 Weekly Outlook

For those of you that didn't already see my newest video on YouTube, you can check it out here --- this video is an overview of my early week orders and a little insight into this week's market.

I expect to see make some money in the EUR this week, especially in my EUR/GBP and EUR/USD this week. The EUR/USD has remained relatively flat the past 3 weeks serious downward pressure due to the European debt crisis. BUT what will become of the USD in 2015? With the Fed telling us that interest rates are going to go up next year, the USD can only expect to slow down and will begin to reverse direction on most major currencies once that rate does climb (most likely around the middle of the year).

So for the week of 12/21/2014, what orders did I place? I will talk about my trades in terms of which one is next to be executed. The AUD/USD is actually being traded this week. After staying out of the AUD last week due to my S1 and S2 being above my below Bollinger Band, I placed a limi buy order at .8106 (28 pips away). My S1 is finally within the bands and my S2 is aligned perfectly with the lower band. A 5,000 unit order moving merely 5 pips will give me a very decent ROI.

Next, the EUR/GBP, like I said, I am expecting some big stuff from the EUR this week. With a 3,000 unit order placed long on this pair at .77981 (29.9 pips away) a 5.8 pip bounce will leave me with a nearly 2.6% portfolio gain.

Below are the rest of my early week orders in order of closest to farthest away from being executed:

Remember, follow me on Twitter, Facebook, and Youtube. Join the YoungBuffett movement and get your shirt today!

I am going to be making my next video on Tuesday afternoon. Be sure to keep a look out. I will go over my intraweek orders. Also, I will be posting on the blog tomorrow about some micro-trading.

Happy trading. #YoungBuffett out.

Secondary Micro Strategy

Hello fellow traders. I created a new 7 minute video on a new micro strategy I am using. It is a secondary strategy that is in no way shape or form taking the place of my main, very successful, semi-automated strategy. Check out the video on YouTube. Or just watch it below.

Happy trading.

#YoungBuffett Out.

Micro/Side Strategy

So, while my main strategy is my money maker and is mostly automated... I just need to do a 15 minute analysis twice a week and place some 2 day orders... I have been working on a micro/side strategy. I think I worked out all of the kinks in a demo account and going to see how it does with micro lots (50-150 units at a time). I did it tonight with 11 trades... all of them were correct. Took me 1 hour. I was using such small units that my total profit was about 50 cents lol... but if I were to use larger trades like 1,000 or 5,000 units then we all know that good ole' Uncle Murphy would have come to visit haha.

Anywho, this little strategy is simple. I will be doing a 15 minute demo of it tomorrow on my Youtube channel. So be sure to check that out. I will post the video here tomorrow too.

For those who missed my quick forex overview today, check out the video on YouTube... or watch it below:

Happy trading. #YoungBuffett out.

Tuesday Review

So I am going to start reviewing the market again today and setting up some orders for potential trades. I am going to start with the AUD pairs: AUD/CAD, AUD/CAD, and AUD/USD. If you remember, on Sunday, I didn't place orders for any of these pairs because the technical indicators were just not lining up properly. For Tuesday, I set up a buy order for the AUD/USD at .81394, this is a split different between S2 and my lower Bollinger Band (see my post from Sunday about split differences). I also set up dream orders for the AUD/CAD and AUD/CAD. Dream orders are orders that would take a miracle to actual hit. I set a limit sell on the upper Bollinger Bands for these two and have a T/P of 3 pips. These are super small movements, but with a large unit order, it would be like gaining 15 pips on a regular trade. However, these orders will almost never go through, that would be a 431 and 700 pip movement respectively in order for those orders to translate to a trade.

CAD/CHF... I am staying out of this one. It is currently outside of it's Bollinger Bands, which is a signal to STAY AWAY.

The EUR/GBP has some strong technical indicator overlay. I set up a limit buy and sell order for this pair. My buy is at .78085 (142 pips away) and my sell is at .79899 (53 pips away). Both of these orders are placed because the S2 and R2 line up perfectly with he lower and upper Bollinger Bands respectively.

EUR/USD is one of the most popular pairs in the world. It has been pretty volatile as of late, but I am placing a limit buy order at 1/21983 (307 pips away), which is a split difference order between my lower Bollinger Band and S2.

EUR/CAD I will be staying away from. It is outside of it's Bollinger Bands at the moment, which again, is a STAY AWAY sign... RED FLAG!

GBP/AUD is at the top of it's upper Bollinger Band, but the pivot points are way outside of the bands, so I am staying out.

GBP/CHF is looking good. I set up a limit buy order with a split different of S2 and lower band at 1.49977 (129 pips away) and a limit sell at the split different of R2 and upper band at 1.54928 (392 pips), which is a slight dream order. However, the reason I am comfortable with this limit sell is because R2 is still within the Bollinger Bands and S2 is the slightest hair below the lower band. I think this pair could give me a nice profit if it picks up. Especially with the news out of England today.

So... GBP/USD... WOW! It seems to have finally stabilized after 3 weeks now of staying steady after a 6 month decline. My lower Bollinger Band lines up PERFECTLY with S2, so I set a limit buy at 1.54563 (270 pips away).

NZD/CAD and USD/CAD are out of their Bollinger Bands, so I am staying out.

NZD/USD is a weird one the past few weeks. The bands are finally narrowing out, but the pivot points are still so far apart due to extreme volatility. I am going to set a limit sell only where my R2 and upper band line up. The S2 mark is too far below the lower band... actually S1 lines up perfectly, but I trade the level 2 markers. Limit sell at .80135.

USD/CHF... I traded this earlier in the week and made a nice profit and it only took 2 hours for me to make that profit. The R2 is a decent amount above the upper band. R1 is closer to it (despite being below it) than R2 is, so I am going to stay out of the pair. Maybe next week.

Lastly, the USD/JPY, what a ride this pair has been. I used to love this pair for being relatively stable. But, ever since late July/early August, this pair has been on a wild run. The last two weeks it has been come down though. If I would have held a trade from 3 weeks ago instead of selling for my loss, I would had been profitable again... but hey, hindsight is 20/20. I am placing a limit sell at 121.840. This would mean the pair would have to go back to it's 2014 high for this to pick up... 477 pip movement... needless to say, that won't be happening... but maybe haha.

Don't forget to get your Young Buffett gear.

#YoungBuffett Out.

New System In Full Swing

My new system is in full swing. Since my post the other day about how my new system is going to utilize large but more concise trades, I have made 6.05% on two trades. On Sunday, December 14, 2014, I traded the EUR/CAD (short) and made 10.8 pips triggering my T/P.  Then on Monday, December 15, 2014, I traded the USD/CAD (short) and made 8.7 pips, which triggered my 8.6 pips T/P.

So far my new system is working. I am placing larger unit orders, taking a smaller pip profit, and trading only when my indicators ALL line up, or at least are very close to lining up (see my last post).  I had no orders triggered today, and it doesn't look like any will trigger between now and the expiration of my orders tomorrow at 4:45PM PST. Tomorrow night I will review the market again and place my two day orders again that will expire on Thursday evening. I don't like to hold trades through the weekend, which is why my trades are expiring on Thursday night. If I do have an order triggered on Thursday and it holds through the weekend... so be it, but I am trying to minimize the risk of that.

On a closing note, please like my Facebook page and follow me on twitter! The links are to the right. Or can you just click here:

Follow @YoungWBuffett


Remember: Make money, don't lose money. Only trade with what you can afford to lose. Don't be greedy.

#YoungBuffett Out.

Week of December 14, 2014

It is 4:00 and I am sitting down to analyze the charts for the week. This week I will tell you which orders I placing and I may even place an image or two :) I will also tell you which pairs I am not going to place orders in. I analyze charts twice a week... Sunday and Wednesday. I set up my orders to expire after two days. 

This post may be more technical than my normal posts, but will also give you a little inside into how my mind works... so enjoy, this may be the only time I give you a snippet into my forex strategy. To start with, I trade using the 1 week charts, having my Bollinger Bands, SMA, EMA, and WMA on the chart and then I draw my pivot points over the weekly chart too. 

So let's start with the AUD/CAD, AUD/CHF, AUD/USD, GBP/AUD, and USD/CHF. I am not placing any orders in any of them today. The pivot points are way below the Bollinger Bands, which means that the technical indicators are not lining up. To explain what I mean, see the image below, which is a chart of the AUD/CAD and the same thing is happening with all of these pairs. 

Next is the CAD/CHF. I will be placing a limit sell order for this pair, but no limit buy. The reason is because my R2 and my upper Bollinger Band line up almost perfectly. This means to me that if the pair manages to jump that high, it will hit that ceiling and have to drop back down... at least a few pips, which is all I need in order to make a profit. For the USD/JPY, I placed a very similar order. However, R2 was slightly above my upper Bollinger Band, so I split the difference (see my last chart for what I mean on splitting the difference.) Here is the CAD/CHF chart:

Next we come to the EUR/GBP. This is one of the most stable pairs that I trade. Typically they are pretty similar in movement because their economies are so closely related and intertwined. This pair stays within their Bollinger Bands almost always and typically adhere to their pivot points. So I have placed  limit buy AND a limit sell with this pair. I also placed limit buy and limit sell orders for the NZD/USD due to the exact same technical indications. Here is the EUR/GBP chart:

The EUR/USD, EUR/CAD, GBP/CHF, GBP/USD, and NZD/CAD are all very similar in my CAD/CHF except I am placing a limit buy only, my S2 is a tad below the lower Bollinger Band, so I split the different and placed a limit buy order. The only difference is the GBP/USD (the lower band and the S2 are perfectly lined up.) Here is the EUR/USD chart:

So, that is my outlook for the week, or at least the first couple of days. If you are wondering about the USD/CAD, I am actually short in the pair currently and up a few pips, waiting for it to hit a 12 pip profit then my T/P will be engaged. I have also been asked about my use of the MACD... well I don't use it too often. Honestly, I use the MACD when I am already in a trade and my T/P or Stop Loss has not been engaged for a couple of days, so I look at the daily MACD to see if I should just get out or hold on.

Happy trading this week. 

#Young Buffett out. 

New Game Plan

So I spent the past couple hours reviewing my current strategies and revamping them, which I spoke about in my previous post. I have also created my 7 year plan. I am going to hit the restart button... I am going WAY back. I am dropping my account to $100 and my plan will take me to $10,000,000 in seven years. This may sound crazy to some, but my new game plan has slashed my old goals almost in half, helps me to build in a contingency plan for safety against a day like today (which I vow will never happen again) and to build a realistic account.

You never will be right 100% of the time, but if you quit, you will never win. I will never quit, I will win.

#Young Buffett Out

My Biggest Mistake

So last night before going to bed, I forgot to set up a stop loss on a trade... the EUR/NOK. I woke up this morning to learn a very harsh lesson... very harsh indeed. A 69.5% loss... crushing and heart-breaking. Like the blog says.. forex has its ups and downs. While I just spoke about money management only a few posts ago, I failed to do so. I believe I identified my mistake... obviously no stop loss, but I was trading too many pairs at one time. I have narrowed my list of trading currencies to a smaller number of 13 currencies. I am also going to make narrower trades... meaning all signals MUST line up and I will make less trades but larger trade.

Tough morning. But, in the words of Rocky, "Nobody is gonna hit as hard as life, but it ain't about how hard you can hit, its about how hard you can get hit and keep moving forward, how much you can take and keep moving forward, that's how winning is done."

#YoungBuffett Out

USD BOOM

So the Non-Farm report came out last week. I meant to post about it then, but I have been so busy applying for jobs since I lost mine last week. Anywho, long story short, the USD gained over all pairs in my portfolio... which was a bummer for my USD/MXN pair. I am still holding it though for the daily interest and I still see it coming back around. So, I am short on the pair and plan to stick by the indicators.

As for my other trades this week, I hardly ever use the news as a source of indication on my trades and 99% of my trades are based off of technical indicators, which is why I made a decent amount of money on longing the JPY this week. Due to the JPY steady decline.. it finally hit a solid resistance and bounced. At the beginning of the week I took up long position in the GBP/JPY, the AUD/JPY, and the USD/JPY. I made a decent 2% on each of these trades. My favorite technical indication is when the R3 or S3 line up with the Bollinger Bands and they did this week. When I see that, I know the enter that position either long or short (depending on which band we are talking about). I did the same thing with the NZD/CHF this week and that gave me a nice 1.1% gain.

So that is my week in a nutshell. Honestly, it has been a slow last two weeks for me. I am up about 10% this month, which is on my goal line, but I am typically slightly ahead of my goal. Either way, I am beaming with joy because I am making money and not losing it. Thank you Mr. Warren Buffett for those words of wisdom.

As always, my amazing wife keeps me strong and encourages me to stick to my system and not get emotional. The best advice ever... there is no need to make money, so it is better to just wait for the perfect trade rather than risk it. Since then, I haven't felt a need to invest out of necessity, only when the timing is right.

#YoungBuffett Out!

Laid Off

Well, yesterday I got laid off, so I didn't get a chance to make a post because I have been so busy looking for a new job. It is honestly a blessing, now I can hopefully find a job investing for a firm until my personal accounts are large enough for me to just live off of my monthly 25%. 25% of $1M is a lot better than 25% of $10K.

But back to my trading. I have been having a great month so far. Today I made 1.22%, only had a couple of small trades. The USD seems to have stalled out right before the non-farm payroll report comes out tomorrow. I don't typically use economic data as a factor in my trading, but the non-farm report is typically significant.

The big movers I see ending out the week is the EUR/NOK. I know this is an off currency pair for most people, but I love trading it. This pair can move 1500 pips in a single day. While the pips aren't really worth as much, the volatility allows for some great quick profits. I shorted the pair at 8.75500. The pair is 8.73890, so it is heading in the right direction. I have a T/P set up at 8.6745. This will give me a nice little boost in my account.

This week, my biggest movers were AUD/CAD, USD/JPY, GBP/CHF, EUR/USD, and AUD/NZD. I made some other trades that I took smaller 10-15 pip gains for, but all of the aforementioned trades were anywhere from 40 all the way to 100 pips int he AUD/CAD (which I actually rode up 100 pips and back down 40 pips).

This week has been a good one, I am a little above my goal right now, which is a good feeling, but as we all know, the FX market can be unforgiving and I may be up 10% today, but down 50% tomorrow... well lets hope 50% is an exaggeration lol... as long as you practice good money management, you won't have losses like that.

#YoungBuffett Out

Thanksgiving Week

Thanksgiving week is a half week for me. I will be leaving town on Wednesday morning with only a couple limit orders placed with small TP margins... just be looking for a 10 to 15 pip jump while I am gone. Buuuut, the first few days of the week I am keeping my eye on the GBP/USD. It has been bouncing off of that lower Bollinger Band for a few weeks now. I am thinking there will be a large bullish trend. I am setting a limit buy for 1.55876 and a TP at 1.59500. This will be a long move for the week for me. I like to balance my week with about 30% long (time wise, not long in the buy/sell sense) trades, 50% day trades, and 20% mid trades (2-3 days).

I also have my eye on the EUR/USD. I bought in long at 1.23927. It is down a couple pips right now, but I expect a bullish run into the low 1.26 range, I did have a conservative TP at 1.25, a whole 100 pips or so lower than my expectation, but I changed it today to a 1.26 TP order. I really see a long position that will pay off.

The AUD/CAD has been bouncing for three weeks now. Up and down, leaving it almost neutral over a three week time. I think it will drop a little more to .97054, if it does, I will pick up a bullish position to run to .9788. It will be a decent 83 and change pip move.

If the EUR/AUD drops to 1.46742 I will sell it short and look for a bearish run to 1.4424. this 250 pip run is very reasonable I think. I think if it hits the 1.46742 mark, it would take a week tops to drop 250 pips. Honestly, it could happen in 2 days I think.

The SGD/CHF was a nice ride for me last week. I bought long at .7353 and rode to .7400. It is now at  the .7460 area and I see a continual bullish run. I have a limit buy at .73891, which probably won't hit because it is so far below where it is right now and I do see it continuing to rise, but I don't want to risk that much when you can only margin 20:1 on that pair.

Now the AUD/SGD is a fun pair to trade. The Bollinger Bands, pivot points, and the SMA, WMA, EMA all point to a decline... at least that is what I see. I am setting up a limit buy on the pair at 1.10185 and looking for a 225 pip run up.

I am also setting up a limit buy for the AUD/CHF at .82122 looking for a 100 pip run on that one. I don't think it will get picked up this week. The pair is relatively flat and the bands and points show it staying flat for another week or two. Again, the way I read it.

HOLY COW, can we just look at the AUD/HKD for a moment. The bands are SOOOOOO wide. It doesn't know what to make of the pair. The pivot points are all in the lower channel too, so I don't know what to make of it. I will set up a limit there... a buy at 6.6 with a run to 6.9. This one definitely won't hit this week, but I shall see.

EUR/NOK, limit sell at 8.54187, looking for a bear movement to 8.5 flat.

EUR/NZD... it can be expensive on the long trade, but if it drops to 1.55602 I will buy it long to 1.56799. If it happens to spike up to 1.62461, the R3 pivot point, I will short it to 1.60552. Shorting this pair is nice because it actually pays a pretty decent interest rate per day... but longing it can cost you, so if you do long it, make sure you are positive you will make a nice movement on it.

The NZD/HKD pays a great interest rate on a long trade. So I am setting up a limit at 5.91343 and going to ride it long for 1,750 pips (really not a lot for this pair).

Where I am currently getting some pain is in the USD/CAD. I am about to hit a stop-loss there. I bought in at 1.13485. I have a TP set at 1.1376. For how much I have lost, I might cut the loss tomorrow when the markets open. The loss is not even worth the small gain. IDK, I am up in the air with this one.

The ZAR/JPY, USD/JPY, TRY/JPY, CAD/CHF, CAD/JPY EUR/HUF (took it off my radar completely actually), and GBP/CHF... are all positions I am staying away from this week. They are way above their Bollinger Bands and their pivot points, so I will wait for them to neutralize. Honestly, the JPY has been fucking crazy lately. Pardon the French, but its so true. It has dropped sooooooo much. It is 2004 all over again. Maybe a new George Soros will rise from its ashes... maybe it will be me :).

So this is a long post with a lot of data, but I think it is all good stuff. Some may not agree with some of my limit order or even some of the ways I read my tables, but most people thought Warren Buffett and George Soros were fools too.

-The World Goes To The Doers
-You miss 100% of the shots you don't take.
-If you don't have haters, then you doing something wrong.

#YoungBuffett out

Morning Orders and the EUR/USD

So the EUR/USD has become bearish. I was expecting it to dip slightly lower before becoming bearish. I will hold it a tad longer, hoping for a quick and strong bullish trend. I may be grasping at air though haha. Stop loss is getting awfully close. I do have a limit buy at 1.24 and expect a bullish climb to 1.25. (For those new to trading, either stocks or forex, check this out to learn what bullish and bearish mean.) I promised no technical on this blog, so that is the simple of it. If you want my reasons, feel free to contact me (see the contact me form on the right).

As for my other orders, I have a couple new ones I placed today. I place all my orders as limits, so I placed a ZAR/JPY, TRY/JPY, AUD/HKD, and EUR/AUD. I will place a few more later today, probably around 6 or so...

#YoughBuffett out

Not Much To Report

Not much to report today. I made a tad over 2% today, which is great. Made an extra .1% on trading in favor of interest too! I didn't spend any time tonight trading, I will be placing some orders in the morning after some analysis. I will let you know how that goes.

I am going to be taking off from 11/26 through 12/3 because I am traveling for Thanksgiving. I may still place an order or two, but nothing major at all.

I want to thank my amazing wife for yet another day of keeping me honest to my rules. It is because of her that I "don't loose money" ~Warren Buffett.

#YoungBuffett Out

A New Week

Today starts a new week in the Forex Market. There is a lot I am looking forward to this week. My friends over at DailyFX are a true help when it comes to getting up to date information on the various markets. There is going to be a lot of news this week on the EUR, GBP, and USD.

For me, Forex trading is a Monday through Friday thing, but I love to do some trading on Sundays too. Sundays are the cherries on top of my sundae... meaning I don't plan to make any money on Sunday, but I typically make .5-1.5% and it is a nice little way to start a week strong.

Over the weekend I gave my plan a major overhaul. I was originally shooting for 2.5% a day. I was beginning to feel stressed and constantly watching the markets. SOOOOOOO, I decided to change my plan to a tad longer term... 72 month plan, making 25% a month (which I have done for 3 months consistently, actually made more than that). This will put me at a $100 million account with time to spare.

The other change I made is I am taking up a few longer positions. Rather than only day trading, I am also picking up trades I am holding for sometimes three or four days. BUT! I am only taking up these trades IF I will be making money on the roll (FXCM) or interest (Oanda). I do wish Oanda didn't make me calculate the interest, I like how FXCM just shows it in the trading portal.

My wife continues to keep me to my specific rules, which is amazing! I love her to death!

At this rate, my $224.25 will be $100,000,000+ in 59 months. 25% is conservative, at least for my method. My plan has been working, I will just stick to it, making slight adjustments along the way (like taking up some longer position to hedge and make interest).

#YoungBuffett Out

PS - I came up with a new hashtag today. I discovered that #WorkIsForPoorPeople. If you love what you do, you are not working... or if you can retire young, you are just enjoying life. So, do what you love and remember, make money... don't lose it, or as Buffett says, "Never Lose Money."

The Beginning

This blog is dedicated to my journey through Forex. It all began with a $500 investment on October 15, 2014. I had been working for a while on developing a system based loosely off of George Soros, Warren Buffet stock strategy, and the plethora of data on dailyfx.

I killed it for 2 weeks. I was gaining an average of 2.7% a day on a 5 day a week trading pattern. I had my account to $652 and change by the Halloween. Well, I lost track of my own rules, which I knew I needed to be following strictly! I put WAY to much into a trade that went south quick. I mean, who woulda thought that a report from the Fed about the buy back of bonds would make such a drastic jump. Within a weekend my account was obliterated to $228. I had a margin call and lost it. I was not happy, but it I am happy it happened.

Why am I happy? Well this huge loss happened near the beginning of my journey (well my third journey, but the first time I had a plan and a system). This means I had a quick wake up call, if I stick to my system and follow my rules, I will indeed do well. I showed it by making $152 (30.4%) in 2 weeks.

Today is November 11, 2014, Happy Veteran's day. My account over the last 11 days has been doing great. I turned the $228 into $290.77 (27.53% gain). I have been following my rules and sticking to my system. The best part, my wife keeps me accountable. She doesn't know my rules or anything about Forex... except for the fact that the charts give her a panic attack in 3 seconds and that the analysis is boring as hell haha. For me on the other hand, I LOVE IT! I can look at the charts and analyze them quickly, love love love it! Off the bunny trail... my wife keeps me accountable.

Every day my wife says, "Are you sticking to your rules?" or a I will get a text while at work, "Remember your rules." I love it and I love her for it. It truly does keep my honest to the system. Today was tough... the AUD/JPY has given me a battle and as much as I want to keep in it and reinvest (past where my rules and system allow me) while it was going the wrong way, I didn't. I knew that if my wife asked if I stuck to my rules that day, I wouldn't want to disappoint her.

So, this is just an intro to this blog. Honestly, I have blogged a little before, but never really stuck with it. We will see if I do with this one. No promises will be made to a daily or even weekly update haha. I will not be putting technical charts and jargon on here. This is simply a catalogue of my journey. I will keep you updated with my progress. I will also post my goals here soon so you can see where I hope to be. The basic is a goal of 2.5% a day, which I have been doing a fairly good job at. My record was a tad over 8% in a day. Cest la vie. Here goes nothing.