Hi to everybody
Nothing for me to trade tonight, didnt get home from work til an hr after LO
Had a very good 3 weeks. 8 wins from 9 [inc. BE +2 x 2 so maybe it should read 6 from 9] and profit target hit each week plus a few, thanks to sticking to my trading style, and more importantly, observing my stop loss threshold without fail......I havent manipulated it mid trade or entered trades where it was out of bounds. This is basic risk/MM but its a harder potato to peel than it seems. I have found the value in risk management, and my account speaks for it. Marty posted not long ago that the more he trades to his rules the better he does, despite his in depth knowledge and passion for world economics.....its a very good post if you havent read it. Short story = trade what you see not what you think.
Ive sorted out a discipline issue re trading journal aswell, I wasnt doing it at all. WRONG!
Yes Im travelling nicely......but why and where do I need to improve?
The journal showed that Im still exiting trades too early, but that my risk management is good......so Im making the right mistakes that dont cost alot, but I could profit correctly from by not getting shaken out of trades. I know that this is a reaction to my dark week, and I know that Im in survival mode until I get back to even, and Im ok w that, cause thats what it takes.
Hope you all have a nice weekend
J.
Nothing for me to trade tonight, didnt get home from work til an hr after LO
Had a very good 3 weeks. 8 wins from 9 [inc. BE +2 x 2 so maybe it should read 6 from 9] and profit target hit each week plus a few, thanks to sticking to my trading style, and more importantly, observing my stop loss threshold without fail......I havent manipulated it mid trade or entered trades where it was out of bounds. This is basic risk/MM but its a harder potato to peel than it seems. I have found the value in risk management, and my account speaks for it. Marty posted not long ago that the more he trades to his rules the better he does, despite his in depth knowledge and passion for world economics.....its a very good post if you havent read it. Short story = trade what you see not what you think.
Ive sorted out a discipline issue re trading journal aswell, I wasnt doing it at all. WRONG!
Yes Im travelling nicely......but why and where do I need to improve?
The journal showed that Im still exiting trades too early, but that my risk management is good......so Im making the right mistakes that dont cost alot, but I could profit correctly from by not getting shaken out of trades. I know that this is a reaction to my dark week, and I know that Im in survival mode until I get back to even, and Im ok w that, cause thats what it takes.
Hope you all have a nice weekend
J.
Winning isnt everything but coming second sucks (Charlie Brown)