Week 1 Day 3: Today Was No Joke

Hi, this is Charles.

I am mentally beat. I will post tomorrow my reflections of today when I am conscience and lucid.

I will cover

*why I changed my strategy (again),

*why I have decided to trade just one pair during the day

* why I took losses today, (and the one thing that I will do to insure those losses NEVER happen again), and my plan to recover them.

I feel a cold coming on, and that certainly is not helping my mood....

Have a great rest of the day.

Best,

CII

Trading SetUps For May 5, 2010

EURO

Long@1.2983, SL=12914

TP1=12998

TP2=13013

TP33=13028

Short@1.2911, SL=12980

TP1=12896

TP2=12881

TP3=12886

Why is the balance so high?

Hi all!

When I opened my account, I sent the broker $1,000.00 with the intention of removing the excess to another account. The broker took longer than expected to get the account funded, and simply did not have the time to move the money as the deadline start date had already passed.

Even though there is extra in the account, I am only trading with the stated amount of $560.00, and doing the math accordingly.

Also, there are literally tens of thousands of traders around the world that are watching me trade.

Some are hoping for the best that I succeed, others are praying that I crash and burn, so there is no opportunity for me to be slick here as there are simply too many eyes are watching, and it is best now to move the money now, because if I do, the conspiracy theorists will have a field day!

I hope this addresses the matter and will put the brewing controversy to bed. The focus should be on the trading- nothing more.

Best,

Charles