As mentioned in previous posts , I had a rude awakening this week .I have made a few changes to my system as below
1.I will only trade a maximum of 8 trades the whole week.
This wont affect my recording of all other trade signals I get .I will pick and choose which ones I will take and which ones I will leave
2.I will only trade a maximum of 1.6% risk per trade ( or equivalent of £1.45 * 40 Pips for some of you like Bradu to understand )
3.The above point makes it clear that I will start risking 40Pips per trade as standard instead of my usual 30, but this depends on the trade
Everything else stays the same
I will get there in the end.I am proud that I had spent almost 2 months now without losing my nerves and discipline , the longest period for me since 17 February 2013.I credit all this to experience and recording of all occasions of what happens every time I lose my discipline.In majority of cases I have lost money and this has helped me stop the habit .I encourage anyone who is reading this post to do the same , just record every trade you take and the reason for that trade , in the long run , your trading will improve , trust me
HAPPY TRADING
Attached File(s)
Actual Vs All Ind Week Commencing 19-01-2014.xls
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