My take on Emotional Discipline

nice! you got some coins to play the game ... or maybe it will be different from now on.

what a recovery ! don't mess it up Rmg!

Hope not to.
Massive sell off continues;

underwater cent scouts.

closed/ not much equity left to hold onto it, same as old reopen more shorts,

feels like lucky fool again

After 10 smaller losses, i am still bias to upside later US session, but for now selling onto strong support .

reload longs

I guess had enough of this dream of making 100s of pips of losing it all . Now came to the realization that number pips is not matter anymore , consistency is what matter even if its 5 or 10 pips a day.

Lets see if i can walk the talk.

I think it's good to have a target in mind depending on what instrument you trade you can have a rough idea as to how far the range goes during certain time of the day. But that doesn't mean you'll hit the target everyday sometimes maybe short 5 pips and on another days excess of 5 pips at the end you still end up with 20pips, or 30pips each day.

I personally can only retain my level of focus for 30min - 45min max when I'm dealing with 2m and I want to be right every single time if possible and reduce the probability of a losing trade. I don't know if this has any statistical basis to it but I do think the more trades you open the more likely you'll incur losses or could be 50/50 now the game were playing our focus must be 100% look away for a second, a distraction or a little bit of tiredness one wrong click especially with DAX you're done. So instead of trying to capture everything I think it'd easily achievable to master a single bit of the move London open, Frankfurt session, or the move in the middle whatever suits you but you become the master of that single punch. If you can do so I think with a single entry even with a modest TP you can exponentially increase your acc balance over time and since you're a master probability of losing that single punch would be less . And single entry per day suits small accounts, risk 0.6%-1% per trade your account survival rate will increase exponentially as well. And overtrading is the one of the biggest reasons why accounts disappear into blackholes. Mastering a single punch takes away the possibility of overtrading/revenge trading altogether.

Sure over trade kills my account , mastering single entry is too stresssful for me.
I wants to give myself couple more attempts to catch the small trend in my timeframe. As there are always fake outs at sessions opening never mind couple of losses , will cover it later when the trend starts.

Opened an other small live account with fxcm. I will continue to trade dax only on this account
Mark douglas says winners and losers are randomly distributed, so i will have to take as many as trades whenever my system generates signals as long as risk parameters are followed. Only taking valid signals not just jumping the gun anymore.
Still i am not convinced taking only x number of pips or percentage per day , limiting myself to limited exposure .
I will have to restrict myself not to overt trade especially on the mobile phone while doing my day job. That's the main reason for recent account burnt.

Forward testing my daily system on demo ,going strong, wants to have at least 6 months of stats before jumping live on this one.