I have had a small bout of loss of discipline and revenge trading since I last posted. However I have recovered all the losses plus more and the account is healthier than at any time in December.
Sometimes I feel that I am the only trader in Ray's room who suffers so much from lack of discipline, since other traders almost never post about it. Ray says that at any decent institution lack of discipline such as mine would be a sack-able offence. Though he also said that my results last week were good even though I took profits too soon and missed all the big Macro trades. I think he was just trying to encourage me, since he knows that I trade using a bigger risk than an institution would allow.
My results were +13% profit on the week with a 79% win rate (lowest win rate on a day was 68%).
Daily profit (based upon daily compounding was :+1.7%, +1.1%, +7.1%, +1.2%, and +1.3% (so most within my expected daily result range of between +1% and +3%).
Sometimes I feel that I am the only trader in Ray's room who suffers so much from lack of discipline, since other traders almost never post about it. Ray says that at any decent institution lack of discipline such as mine would be a sack-able offence. Though he also said that my results last week were good even though I took profits too soon and missed all the big Macro trades. I think he was just trying to encourage me, since he knows that I trade using a bigger risk than an institution would allow.
My results were +13% profit on the week with a 79% win rate (lowest win rate on a day was 68%).
Daily profit (based upon daily compounding was :+1.7%, +1.1%, +7.1%, +1.2%, and +1.3% (so most within my expected daily result range of between +1% and +3%).