My take on Emotional Discipline

last trade for the day, can't over trade again.

This morning , 42 pips made between 7-8.30 am.
I thought i am not trading again till next day.
Well i did take many trades and -115 pips around 12.30 . Totally unnessary trades.
watching the chart and not taking any trades is a practice i need to excell at.
doing the same thing over and over , excepting different results?? Huh.

deep red, digging a hole again...

Trying to discipline myself trading dax on smaller live accounts.
4th account is near blown now.
Cycle continues as revenge trading , over trading, no stoploss, changing strategy instantly, leaving trades unattendively.......
What am i trying to acheive here?
what are my objectives?
definitely not trying to get rich quickly, then why cant i live the little profit i made before the loosing streak starts.
Initially thought making 100s of pips will do the trick. But truth is far from it.

Consistently making and keeping the pips even smaller such as 5-10-20 a day will do wonders to my laccount.


Redifined my objectives hereafter: when 20 pips in profit call it a day

Found myself easier to acheive 20-40 pips earlier sessions open , then giving it all back plus more on the same day continue to overtrade totally ignoring the objectives is the pattern i need to break off.

day-1
1 entry
24 pips.
I have no valid reason to starring at the chart for rest of the day.

our charts looks similar now that you're trading 1m.
looks like we had a similar entry good job !
keep on working the rough patches and polish your niche.

I also find it easier to focus on the initial 30minutes or 1h after Frankfurt than trading it throughout the whole session, not everyone is disciplined and skilled enough to keep on taking A trades the whole day and skipping the bad ones just as not everyone can excel at multiple sports or instruments simultaneously knowing yourself and your "capacity" is a good place to start if you're after consistency. I have made peace with the fact that I'm not disciplined to trade DAX the whole session plus I don't have the "SKILL" that's the bottomline.

5 trades -7 pips
one more attempt.

7 trades; -23 pips.
out of here.

3 trades so far: -50 pips.

8 trades ;-118 pips
end of the 4th account.
why bother counter trades, totally against the system.

back in demo again.

Three months involuntary break from trading as Personal life took its toll. Had problems with my day job back in march , showed my middle finger walked out. Changed three jobs since then, simultaneously landlord wants the property back, found it very difficult to find a place when you are not in full time permanent job.

All settled now, no matter what, my trading dream never dies or ever will.
Back in demo with my favourite Dax, trying to find my edge again if I ever had one.

Another demo account bite the dust, starting another one straight away.
Not much time to trade as my new job timings are not doing any good to my trading .
Added 2 more indicators for confirmation.

whipsaw, 6 losses already.