My positions management business

Ridiculous ranging NY session on gold. I guess everybody were trading bitcoin.

Hi Malouin

Like i said i don't focus on entries. When everything point in a direction, i just want to pick a nice spot to try a shot.

Sometimes it's a PB, sometimes it's a BO, sometimes it's base on a MA, sometimes it's base on small TF S/R zone.... Everything work as an entry.

What really matter it's how you manage your position once you are in a trade. Where/when will you TP or where/when will you kill the bad trade? Can you stay emotionless and endure big PB when price is moving toward your target? That's what make the difference between a pro and the usual retail traders.

Nice move down, my day is over, half an hour of work, lol! It compensate for all the hours i pass infront of the screen for nothing yesterday. It took me only one shot today.

An unusual trade for me, with the momentum of NY open.

Bad day, i gave my profits of the week back to the market. I still have 2 days to make money to finish my week green. I can't remember the last time i had a down week daytrading gold.

Range again, i hate thoses kind of market conditions, but get out ahead today.

A nice day, hit my target at my first attempt. A very frustrating ranging week from wich i come out ahead again. Another green week daytrading gold.

Last week was a 3 days trading only for me. I didn't trade thursday and friday du to the US holiday. Nothing happen on gold these 2 days. Green week again.

Today trade, only one shot, boom!.

I guess i am lucky to get out of that messy day with profits.

A very nice day, countertrend! You should read S2 on the last screenshot, not R2, my mistake.

A very nice day again to complete this perfect week! I kept my targets small today, wasn't sure if gold was going to run or go sideway again. It paid, +45 points today. Four winning days in a row, i am taking tomorrow off.

Hi Vincely,
Interesting thread. Don't worry about your English; you have only made a few mistakes & still very readable.
I have often wondered how full time traders deal with the lonliness & often boring times of being a full time trader. Perhaps you should talk to other full time traders about it.
You work with a number of different markets. I guess that adds interest to your trading but sounds difficult to keep track of.

You wrote:-
-I scale in/scale out of my positons
-I don't use SL
-I add to my losing positions sometimes (mostly with stock)
-I don't focus on my entries (management and exit are the important part)
-I barely use leverage (i seriously think the excess use of leverage is the main reason why most retail traders can't make it)
-I take my time and never rush into a position
-I take my profits, i don't try to catch a homerun each time i make a trade
-My main concern is always risk management over profit making

Sounds like good advice to me.

The margin on my account is 400:1 but my leverage per trade is normally 1:1 with a maximum of 5 trades open at a time, so max leverage 5:1. Low leverage helps to average in when you are in a trade that is going against you to reduce your break even point.
Never rushing into a position is great advice - it's just too easy to be trigger happy incase you miss out on a trade.
I have traded without stoplosses but there have been a couple of times when I have averaged down & it hasn't worked & I got "bitten" for a loss I wasn't happy with.
I am still very much a learner.

You said that you focus more on managing a trade rather than entries. There is just so much written about finding great entries, it drives me nuts (you did well to avoid all this in your learning). Once you have been exposed to all this information it's often difficult to clear your head & just work with what is happening - I'm not there yet.
I just try to work out the probable direction for the day or week & enter at a discount price if it comes along, but i still have a long way to go to do it well.
It's great you are including some of your trades that don't work out as well. It's good to see the overall picture.