My profile
My name is JD and I turned 16 at the beginning of 2024. I plan to be one of the smartest technical traders in the world and my end goal is to be the head of a hedge fund company. I currently trade together with my dad and we analyze the FX markets on a daily basis.
Trading is a marathon and it cannot be a hundred meter dash. Personally I feel that in a few years I could be one if the most consistent traders as I have developed a set of rules to guide me. What I hope to do is to follow these rules diligently and the results will take care of itself.
I have started with $10,000 of real money in my account. My goal is to grow the account based on the following calculations and take just one good trade a week.
Monthly return: 1.2%
Yearly return: 14.4%
By the time I hit 18, I hope to have reached close to $12,880 in my account. You can follow my monthly progress but looking at my results page where I post my equity curve.
My individual trades are tracked on Tradingview which is a cool platform that allows you to see where the trade was placed and you cannot hide from bad trades.
I used to trade exclusively trade in FOREX and follow the major 8 currencies USD, JPY, CHF, EUR, GBP, AUD, NZD and CAD. However since August 2023, I have ventured into Indices and Stocks as it responded to the same patterns found in Forex.
September 2023 Update: The FX Journey took a bit of a hit in August 2023 mainly due to the obsession with selling YENS (Equity dropped by 12%). There is nothing wrong in making losses but it is important to reflect what went wrong. This was when I decided to use this knowledge to trade Indexes and Stocks and to never look at YEN pairs again.
The real game changer was moving into Indexes which is extremely fast moving and profitable. The key is to understand your sentiment of the market which is bearish currently. I shorted everything possible from the HK50, S&P, NASDAQ and the results in September 2023 shows an incredible 36.9%. Note that this deviates from my 1% risk control as we risk close to 5-10% per trade. However this is not because we are trading big positions, but I place my stops outside the extremes of the market.
How am I able to pick such big moves? The secret is lots of passion and technical analysis using a string of techniques which is grounded on Harmonics. Here are a few examples of the big moves it showed me in September 2023.
December 2023 Update: What goes up, sadly must come down. The euphoria of making so much money got to my head and I didn’t respect my risk control rules. This ended up with me blowing the account and there one thing resonated in my head. Why can’t I trade to my strengths and stick to my goals of making 14.4% a year? Greed destroyed me so I have decided to give this one more shot with proper discipline.
July 2024 Update: I restarted my journey, this time making sure that I will only risk 1% of my funds. I realized that greed is the only reason that stops me from becoming a really good trader and I need to stick to my rules and take losses without any emotion. This has really changed my returns as can be seen in my results page.
Trade FX for you 