Still no fiber internet, though more crews were working on the trees along the road this week where the power lines are. I assume, once they're done, that the fiber installation crews will be back and begin installing the rest of the infrastructure they didn't finish. I hope it's this year.
It was a down week on the Forex trading front. I never really recovered from the glitch I mentioned last week. I've been trading defensively. I've tried to make adjustments. It's not really working. I should have stuck more closely to my original strategy. I haven't blown the account, but I'm currently not on pace to pass the trial.
It turns out the glitch may not have been because of 4G LTE internet like I thought, though I certainly have enough of those. I was about to make a trade this week and noticed the ask price was way higher, about $200 higher, than the displayed price. The ask price is the actual sale price regardless of the displayed price. So, it's possible and likely probable that, instead of an LTE glitch, I may not have noticed a massive price discrepancy between the ask and the bid. Normally, they're quite close, within $10. If that's the case, then it was an inexperience mistake.
Next week will be the last week of the trial. If I don't pass, I can always redo it. Of course, I would take a break and do more paper trading between trials as well as studying more. My plan for next week is to stick to what works when I paper trade and try not to get distracted with doubts and nerves. Reaching the price goal might be difficult, but closing above break even would still be a consolation win. I'm concerned about the holidays. The market has felt sluggish this month compared to last month. What will it do right before Christmas? I've been thinking all month that this was the worst month to try this. If I end up having to redo it, I'm definitely waiting until after the holidays, including New Year's.
As for the demo account I opened with a broker, I set that up in TradingView this week. For some reason I'm not allowed to set a take profit price or a stop loss price when doing a market trade. With paper trading, setting those works like a dream. I can set it all up ahead of time and just click a button to make a trade the second I see a setup. I do it while paper trading "real" trades and also to do small trades when I get tired of waiting on a setup. I can snipe little $30ish to $50ish trades between setups. Four or five of those later and I can have $200 extra in my paper trading account. It's not easy to do, but it's super easy to set up and execute small trades.
I don't know if not being able to set a take profit and a stop loss is a broker rule or if it's because I'm using the free version of TradingView. That's something I need to look into more this weekend. I couldn't find it this week. If it's a broker rule, that might be a deal breaker. That would make it even harder to work with than Metatrader 4, which is a steaming pile to use.
Have a great weekend.
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