S$99.56

This is the first time my trading platform, GFT, emailed me saying that my remaining equity has reached 75%.

I don't really know what it means, I only know it sounds like I will be bankrupted soon. I knew throughout the day, that USD hadn't been doing too well, and stock markets are taking a beating.

I reluctantly logged into my account to get a clearer idea what was going on. I saw that my available equity is bouncing between negative and positive. I closed it and to my surprised, it returned S$99.56 to my account! I thought that when I closed my last trade, my account will be left with around zero, and I was ready to pump in another 1k into it. But now, I am fine!

• This few weeks, what I learnt is that technical analysis is still a better way of determining how I should trade. I was trading on the news the past few weeks. Weird thing is, even if you guessed the news correctly, you still might not be able to know where the crazy currency world might be heading.

• Another thing I must do now and in future is to really stick to a trade size discipline. I should restrict each trade to lose a maximum of 5%-10% of my total available equity. I only have around S$100 left, and it is the only consistent way to fight my way out of my losses.

• Last thing I learnt is that, I should place a more narrow stop-loss / trade price. This is so that I can exit trades earlier, and at the same time I profit more from a smaller stop loss. 

For now, my feelings are jubilant, and the video below describes my mood :)

Live today, fight another day~