A blog about trading and investing (stocks, ETFs, forex, crypto), with some outdoor activities.
Friday, December 30, 2011
Forex taxes
I'm doing research into how to properly file currency trades under the U.S. tax code. So far I have found that my transactions through Oanda are not contracts and therefore would not be under section 1256. However, I keep getting pointed to section 988 but am having a hard time understanding it all. If any of you have had experience in this I would greatly appreciate if you could please give me the research material that helped you best in the comments.
Trades for 12-30-11
I did really crappy today. I'm just mentally slow right now and I don't know why.
Forex: 3 trades, all losses for a total of -14.51 pips
Thursday, December 29, 2011
Trades for 12-29-11 round 2
I decided to make another trade. I also had a daily trade in XAU/USD (gold) that I exited today but I won't publish the results of that for a couple weeks.
Forex: 1 gain for a total of +11.6 pips
Trades for 12-29-11
I jumped the gun on my last 2 trades. Should have waited for it to actually hit the resistance level before shorting.
Forex: 3 trades, all losses for a total of -19.5 pips
Wednesday, December 28, 2011
Trades for 12-28-11
I surprisingly did pretty good today. It was a little tricky since I started my day after the downward move we had this morning.
Forex: 6 trades, 3 losses, 1 flat, and 2 gains for a total of +15.51 pips
Tuesday, December 27, 2011
Trades for 12-27-11
Today I only had one trade. It was flat (as expected) on all the pairs, but I managed to squeeze out a trade in USD/CAD.
Forex: 1 trade for a gain of +5.2 pips
Friday, December 23, 2011
Trades for 12-23-11
Today was as flat as I expected it to be. I did manage to limit my losses though. Have a merry christmas everyone!
Forex: 2 trades, 1 loss, and 1 flat for a total of -7.73 pips
Thursday, December 22, 2011
I could kick myself
I can't believe it took me this long to remember how to trade range markets. Now all I have to do is remember how to trade trending markets the next time they come and I'm all set.
The following trades were me experimenting with 1M charts. I did not record the pip results, but as you can see I did very well. After searching "how to trade choppy markets" and reading a few links I realized that a lot of what I was calling "choppy" wasn't really choppy. It was actually "ranging" so I was able to adjust and the results of that adjustment are what you see below.
The following trades were me experimenting with 1M charts. I did not record the pip results, but as you can see I did very well. After searching "how to trade choppy markets" and reading a few links I realized that a lot of what I was calling "choppy" wasn't really choppy. It was actually "ranging" so I was able to adjust and the results of that adjustment are what you see below.
Good refresher
This is a good read for anyone who needs a good refresher, or anyone who is new to the forex game: http://forextradingpower.hubpages.com/hub/forextradingpower
Trades for 12-22-11
Not even 20 minutes and I'm already stopped out today. Oh well, I'm going to paper-trade to get some practice in and do some experimenting.
Forex: 2 trades, both losses for a total of -13.4 pips
Wednesday, December 21, 2011
Trades for 12-21-11
I didn't do so good today. Also had a phone conversation with my dad which exposed how distracted from trading I've been lately. I'm glad we caught it relatively soon. Time to get refocused!
Forex: 8 trades, 6 losses, and 2 gains for a total of -14.5 pips
Tuesday, December 20, 2011
Trades for 12-20-11
I decided too call it an early day because of the choppiness and the delay I was getting in my order placement.
Forex: 2 trades, both losses for a total of -9.4 pips
Monday, December 19, 2011
Friday, December 16, 2011
Trades for 12-16-11
Today went very well, I felt like I was in my trading "zone."
Forex: 5 trades, 1 loss, and 4 gains for a total of +16.8 pips
Thursday, December 15, 2011
Trades for 12-15-11
I got stopped out today, and there isn't anything really of note.
Forex: 5 trades, 4 losses, and 1 gain for a total of -12.5 pips
Wednesday, December 14, 2011
Trades for 12-14-11
After taking yesterday off I did pretty well today. I think distracting myself with java programming helped me a lot by keeping me from trading the choppy stuff.
Forex: 4 trades, 1 loss, and 3 gains for a total of +12.6 pips
Monday, December 12, 2011
Trades for 12-12-11
Wound up with a decent profit due to trading EUR/GBP and accidentally allowing my last trade to run.
Forex: 7 trades, 4 losses, and 3 gains for a total of +7.2 pips
Friday, December 9, 2011
Trades for 12-9-11
I traded much better today, too bad it was paper-trading. I've decided to paper-trade the rest of this month due to expected choppiness and volatility. I'm also going to pick up at least a part time job because I need to get some income flowing while this trading thing works out.
Forex: 6 trades, 3 losses, and 3 gains for a total of +7.6 pips
Thursday, December 8, 2011
Volatility is as bad as choppy sometimes (trades for 12-8-11)
The volatility threw me off and I wound up with a bigger loss than normal.
Forex: 10 trades, 6 losses, and 4 gains for a total of -20.2 pips
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