This journal is a part of a new way of trading that I have forced to myself. I want to be self asses in public to avoid or at least to reduce my catastrophic errors.
The examination of my losing trades has been very hard for me. I know that my biggest enemy is inside me: my emotions are waiting on the sidelines ready to destroy part or all of my gain. Daytrade is my fulltime job and this is not an easy job when you have a responsability of a family and kids and you don't have a lot of money.
I will trade only DAX FUTURE DEC 2015 in 2 different ways :
1 contract INTRADAY (0,5% stop Loss) and 1 contract OVERNIGHT (2% stop loss).
Trading system doesn't matter at this stage: one system or indicator is good for trending markets and another one is good for ranging markets.
This item will not be anymore the core of my trading plan and this journal doesn't want to share buy or sell signals. This is not an intelligent battle, it is an emotional battle (J.Livermore).
DISCIPLINE AND PATIENCE ARE ESSENTIAL NOW.
I will post my trade in real time (overnight contract) while it will be very diffcult for Intraday trades (too fast).
I hope this journal will help to find my way in the near future.
The examination of my losing trades has been very hard for me. I know that my biggest enemy is inside me: my emotions are waiting on the sidelines ready to destroy part or all of my gain. Daytrade is my fulltime job and this is not an easy job when you have a responsability of a family and kids and you don't have a lot of money.
I will trade only DAX FUTURE DEC 2015 in 2 different ways :
1 contract INTRADAY (0,5% stop Loss) and 1 contract OVERNIGHT (2% stop loss).
Trading system doesn't matter at this stage: one system or indicator is good for trending markets and another one is good for ranging markets.
This item will not be anymore the core of my trading plan and this journal doesn't want to share buy or sell signals. This is not an intelligent battle, it is an emotional battle (J.Livermore).
DISCIPLINE AND PATIENCE ARE ESSENTIAL NOW.
I will post my trade in real time (overnight contract) while it will be very diffcult for Intraday trades (too fast).
I hope this journal will help to find my way in the near future.
I call upon my father's spirit , watching over me