The GBPUSD trade started to drop off. I expect movement within 1-3 hours on these trades before they level off or reverse direction. It was a safe play.
The USDCHF trade was done with no monitoring after it was placed. It hit the TP, and that's the best case scenario. So, the $5488 profit is 5% per 2 trades, or 2.5% per trade. I'll take that. Week 1, check.
Going into next week, I'll be using the same strategies, and actually get into the books. I have yet to start them.
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FOCUS:
I was planning on pursuing an IT certification because I had taken some classes in the subject a couple of years ago. Are you a trader? Yes, but in case I was looking for some position in the future, it would be a nice resumee builder.
No sir, that's the wrong line of thinking. For one, I have a career in place right now, and I have areas of development already in place to help move forward in that endeavor. That is PLAN B! I'm working to develop my business, my PLAN A.
So, forget the CompTIA+ cert. There have been hours spent pursuing completion of courses and training that I thought or was told would be beneficial. The takeaways from all these courses were the same:
- I can learn anything I want.
- Anything learned will mostly be lost if months go by without accessing the information.
- I can make time for anything I put my mind to
- It's easy for me to acquire knowledge, the change would be to develop skills in applying it.
With that, my approach to trading must be adjusted. The goal of 44 books is to satisfy and conclude the routine I've developed through academia of reading and study. The marginal adjustment is building more action items of application and practice into my daily routine. Ultimately replacing the time spent reading specific books with reading or listening ANYTHING else. This starts with the 2 trades a week. We'll see where it leads.