So I thought I'd start a journal. Not sure why, but it seems like a good idea. I've kept a paper jounal of my trading for some time, but thought I'd see what it's like doing it online for the world to see. Having typed that out, it now doesn't seem like such a hot idea.
So, I'm not planning on talking much about strategy - I have several I use and one or two I favour. For me, successful trading pretty much comes down to discipline and money management. I'm convinced that the Equity Millipede's are a very good approach - and I've spent the last year or so trading with that philosophy, but I have really struggled with deciding when to take any profit (diversifying). I've watched massive profit go to BE holding on too long. So, I'm going for something a bit different. I'm going to used Fixed Ratio MM for a while and see how that fits me (after all there is no 'one size fits all', we each have to find what works for us).
Millepede trading has taught me patience. I have no problem holding positions for a long time. So now I want to practice taking profit and seeing the realised equity curve grow (after all that's what really counts).
Well that's it for now... I'll start posting up the trades I'm in and stick a trade explorer to hold myself accountable, and we'll see where we go...
So, I'm not planning on talking much about strategy - I have several I use and one or two I favour. For me, successful trading pretty much comes down to discipline and money management. I'm convinced that the Equity Millipede's are a very good approach - and I've spent the last year or so trading with that philosophy, but I have really struggled with deciding when to take any profit (diversifying). I've watched massive profit go to BE holding on too long. So, I'm going for something a bit different. I'm going to used Fixed Ratio MM for a while and see how that fits me (after all there is no 'one size fits all', we each have to find what works for us).
Millepede trading has taught me patience. I have no problem holding positions for a long time. So now I want to practice taking profit and seeing the realised equity curve grow (after all that's what really counts).
Well that's it for now... I'll start posting up the trades I'm in and stick a trade explorer to hold myself accountable, and we'll see where we go...