Taking more trades
Hey traders!
What a slow month. I am slightly up on 3 of my trading accounts and have taken no trades on the other 2. Most of this month has been spent twiddling thumbs, which I can understand is frustrating.
I was hoping that trading 5 accounts that focus on different types of trading/strategies would put an end to extended quiet periods (there is always going to be some quiet periods).
Seeing some of the trades that others have taken this month has been inspiring. Due to this, I plan on opening a 6th account that will focus on more fx pairs and commodities. The foundation of the trading strategy on this account will remain the same but criteria will not be as strict, allowing for more trading opportunities.
As this is a new venture, I cannot start signalling trades without any form of practice or back-testing, although I am very confident in my abilities and am certain profit will be made. Due to this, I will trade the said account starting Monday 2nd Feb but will not officially signal trades until a later date. Saying this, I will start a thread that "signals" the trades I am taking but I do not want accountability for the outcome. As mentioned, this is a new venture, which obviously comes with risks.
Please let me know your thoughts. Open to suggestions. This service is for you, not for me - let me know what you think.
@Westie I don't really like trading indices. Price action seems different, except for longer-term trades.
Do some research. Possibly a rolling CFD, a futures CFD and something else...