After much deliberation, I've decided to create a public journal for the purpose of gaining a greater degree of consistency in my trading, as well as refine my approach to a fine point, in order to reach several different professional goals.
This is not to say I'm new to the markets. I've been trading full time for a couple years now, but after a very solid 2011, I've experienced a slump recently, and although up for the year, it is no where close to what I know it could be.
I've made some fundamental changes to the way I approach my own perspectives regarding the markets recently, and have very recently refined my own trading plan completely around my own personal psychological strengths and weaknesses, whereas before it was primarily focused on the mechanical aspects of the game.
In short - my revised trading plan is designed to play to my strengths, insulate me from my shortcomings, with every component of it designed to keep me in control, and thinking clearly.
By creating a public journal here, I hope to discover and plug any subtle "leaks" that I have not yet addressed, as well as solidify the processes I undertake during the course of my trading day. I am hoping for honest, insightful feedback from anyone who feels they have some insight to offer, either in regards to market mechanics, or my own trading. Why I am optimistic that posting on a public anonymous forum will be beneficial is something that escapes logic for the moment... but I have a hunch, and want to see it through.
Besides, I know if nothing else, there are some who will probably find some interest in how I trade... and if this journal helps others develop into successful market participants, it will be enjoyable if nothing else.
More to come in the following posts...
This is not to say I'm new to the markets. I've been trading full time for a couple years now, but after a very solid 2011, I've experienced a slump recently, and although up for the year, it is no where close to what I know it could be.
I've made some fundamental changes to the way I approach my own perspectives regarding the markets recently, and have very recently refined my own trading plan completely around my own personal psychological strengths and weaknesses, whereas before it was primarily focused on the mechanical aspects of the game.
In short - my revised trading plan is designed to play to my strengths, insulate me from my shortcomings, with every component of it designed to keep me in control, and thinking clearly.
By creating a public journal here, I hope to discover and plug any subtle "leaks" that I have not yet addressed, as well as solidify the processes I undertake during the course of my trading day. I am hoping for honest, insightful feedback from anyone who feels they have some insight to offer, either in regards to market mechanics, or my own trading. Why I am optimistic that posting on a public anonymous forum will be beneficial is something that escapes logic for the moment... but I have a hunch, and want to see it through.
Besides, I know if nothing else, there are some who will probably find some interest in how I trade... and if this journal helps others develop into successful market participants, it will be enjoyable if nothing else.
More to come in the following posts...