First time on trading stocks (on Facebook!)

For those who don't know, this was the first time I traded stocks. I have never traded stocks before (mainly due to the low leverage level for stocks). And I didn't use real money; I traded using the Facebook Fantasy Stock Exchange (FSX).

Facebook is too 'outrageous'. They even have a stock exchange inside!!! Anyway, my equity rose 0.06%.

US Opening Bell - Forex 'Fast' Trades

GBP/USD: Long @ 1.9671, Closed @ 1.9689 (18 pips in 36 minutes)
USD/JPY: Long @ 106.51, Closed @ 106.71 (20 pips in 16 minutes)
EUR/USD: Long & Closed @ 1.4716 (Breakeven!)
USD/JPY: Short & Closed @ 106.70 (Error trade)

Magical 64 pips

I started my first trade on my trip to my meeting on the train! I captured 64 pips on GBP/USD.

GBP/USD - Long @ 1.9516, Closed @ 1.9580 (64 pips)

After closing the trade, I tried my 'straddle' forex strategy. Today the strategy failed me as I placed my stop loss too close. If I extend 5 more pips on the Long trade, I could have profited another 64 pips!!!

GBP/USD
Short @ 1.9580, Closed @ 1.9607 (27 pips)
Long @ 1.9584, Closed @ 1.9554 (30 pips)

'Straddle' Forex Win - 55 pips

I was with my PDA at Raffles City Fountain and I was waiting for the signals to trade my favourite currency pair - GBP/USD.

As I was quite impatient to wait for the currency pair to give me the exact indication to enter the trade, I resorted to using Straddle* method and exited with a net win of 55 pips.


GBP/USD
Short @ 1.9570, stop loss 43 pips, Closed at predetermined profit take 1.9500 (+70 pips)
Long @ 1.9573, profit take 38 pips, Closed at predetermined stop loss 1.9558 (-15 pips)
55 pips win


* Straddle is basically an Options trading strategy to trade options when you don't know which way the stock will head but you know it will move big magnitude in one direction. And thus, you buy a call option and a put option at the same time. You may lose on one option, but you win more on the other option.

USD/JPY - 32 pips

Late entry, but 32 pips on exiting USD/JPY!


USD/JPY - Long @ 106.49, Closed @ predetermined 106.81 (32 pips)

Another 25 pips!

US Stock market is not opened today. I went into forex during the US stock market instead.


USD/JPY: Short @ 106.07, Closed @ 105.91 (16 pips)
GBP/USD: Short @ 1.9469, Closed @ 1.9461 (8 pips)
EUR/USD: Short @ 1.4480, Closed @ 1.4479 (1 pips)

2 EUR wins (113 pips) & 1 GBP lose!

I went into 3 trades today and 2 of them emerged as winners!


WIN
EUR/JPY: Short @ 155.19, Closed @ predetermined profit take 154.60 (59 pips)!
EUR/USD: Short @ 1.4541, Closed @ 1.4487 (54 pips)

LOSE
GBP/USD: Long @ 1.9515, Closed @ 1.9484 (31 pips)