Today is my first day of trading.
I have created an account 2017
Following rules have to be followed:
Ticket Size: Max Account Nbr/1000; so for 10k CHF 10
Number of trades: Max 2
Daily Target: 2% then out and stay out of the market
Payouts: Everything exceeding 100k, nothing until then
Every day a written analysis of the long/short potential. The ticket size and daily cash target will be written down.
Then trade accordingly.
Most important is to not get greedy. If account is over 2% up, stop trading.
End of day lessons learned will be written.
Lesson 1
The DAX fell today as Apple missed bigtime (-7% in the US, -30% in China). I went in at the support of 10700 after the Support rejected, and went out when support was breached.
Profit for the day: 70USD (2.2%). No more trades today.
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