DislikedAs before, my intention with this journal is to hold myself accountable to following the discipline of the methodology. I have decided that since I am a human being and therefore not infallible, I am going to allow for human error to affect things negatively by the equivalent of two losing (full SL hit) trades per cycle of 30 resolved trades that I am tracking...Ignored
DislikedSo I don't have to beat myself up every time I make a mistake, but the goal nonetheless is to execute the trades correctly per my methodology.Ignored
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This is where the problem is, I could just leave it at the paragraph above and say, oh well, I made a mistake, write it off to human error, which will happen. But the fact is at the point I realized the mistake, I could have exited the trade only losing a few pips. I decided to set a 1 pip take profit instead and let the trade run. So I got burned, when the right thing to do according to my rules is to exit immediately upon realization of an error. I let fear, greed, whatever it is, take over because I didn't want to lose any more money. This is the kind of thing that gets frustrating, I am not concerned about starting off with this explorer losing a few trades, that will happen and the good ones will definitely come. But I get irritated by allowing things like this to happen. Of course, the other issue with taking the wrong trade in the first place was not getting enough sleep when I could have, I didn't have a reason to stay up too late I just did it. So I probably would have been thinking more clearly with proper rest. This is all part of proper discipline.
The correct results so far since the beginning of the restart of this journal (post 196) should be 0 wins, 2 losses, 3 breakevens, and -4 other pips (weighed), with today's short USDCHF still pending final outcome. Add to that human error -12 pips. I will keep the results updated in this fashion until there are a total of 30 wins/losses, and will evaluate the net profit and full results at that point.