Hello Everyone,
I am going to start posting my charts and trades tomorrow and stop checking other forums during weekdays so my trading decision won't be affected by others anymore and we see how this system really works basing on this system only...
I am going to be transparent with everything.. Last Friday's trading was really a mess.. I moved my SL on the open trades and failed to accept losing trade..
So, now I am holding losing trades during the weekends to either minimize my losses or at least go break even on my trades on EC, GC and EN..
GC has a good probability to go in a winning trade or Breakeven and EN but for EC, not that good... I can put a lot of reasons for the trade that it can still go right but first hand, I already broke my own rule which is to accept the initial risk I had set upon entering the trade.
So, I believe on what Michael Douglas stated on his Trading In the Zone book where he said "We're not here to be right or wrong, we are here to trade the probabilities and to learn to accept the losses/risk beforehand"
Very IMPORTANT LESSONS I had for the previous week:
1. Always follow your plan.
2. NEVER move your SL around.
3. Do not let your ego get in the way by not accepting a losing trade.
4. Accepting a losing trade is good but letting the losing trade go big is UNACCEPTABLE.
Now, I am not here to show you if I will be right or wrong on my trades anymore,
But I am here to show you we can get consistency on series of trades using this system...
And that I am always open to learn from the market and always adjust for the betterment to a STEADY RISING EQUITY ONLY...
I am going to start posting my charts and trades tomorrow and stop checking other forums during weekdays so my trading decision won't be affected by others anymore and we see how this system really works basing on this system only...
I am going to be transparent with everything.. Last Friday's trading was really a mess.. I moved my SL on the open trades and failed to accept losing trade..
So, now I am holding losing trades during the weekends to either minimize my losses or at least go break even on my trades on EC, GC and EN..
GC has a good probability to go in a winning trade or Breakeven and EN but for EC, not that good... I can put a lot of reasons for the trade that it can still go right but first hand, I already broke my own rule which is to accept the initial risk I had set upon entering the trade.
So, I believe on what Michael Douglas stated on his Trading In the Zone book where he said "We're not here to be right or wrong, we are here to trade the probabilities and to learn to accept the losses/risk beforehand"
Very IMPORTANT LESSONS I had for the previous week:
1. Always follow your plan.
2. NEVER move your SL around.
3. Do not let your ego get in the way by not accepting a losing trade.
4. Accepting a losing trade is good but letting the losing trade go big is UNACCEPTABLE.
Now, I am not here to show you if I will be right or wrong on my trades anymore,
But I am here to show you we can get consistency on series of trades using this system...
And that I am always open to learn from the market and always adjust for the betterment to a STEADY RISING EQUITY ONLY...
We're not here to be right, we're here to Profit Consistently!