I have a system that I am very successful with, so much that I have actually removed price from my charts and just watch the angles of lines and momentum. Before this I switched to HA candles so that the up and down movements of the standard candles would not cause me to make rash decisions.. close early, or jump in on a whim etc...
I am now finding that looking at my balance in my account is starting to affect my positions and trying to hold them according to plan. In an effort to control my mind and just trade my system, has anyone used any sort of method in their trading to avoid looking at their account balance or watching their equity hop all over the place?
I find I make more sound decisions, hold positions longer for larger profits the less I look at my account balance and the less I watch the charts hop up and down. I am looking for a way to hide my balance/equity in MT4 and even maybe remove price as say $500 and rather just show it as a pip.
Anyhow, what methods have you guys used to control and manage watching the ticker? When your trading standard lots and have 5 positions open it's very stressful. One very good trader I trade with - We created a slack channel to discuss our trade ideas. He doesn't even watch his balance for an entire week. Claims he just trades and looks at his P&L on Friday... b/c he says if he saw his drawdown throughout the week it would kill his effectiveness in his plan. He's a true pro and cleans house every week. Though I know he has some big draw downs on intra-day, but he's always putting up crazy numbers week over week.
So... what do you do?
I am now finding that looking at my balance in my account is starting to affect my positions and trying to hold them according to plan. In an effort to control my mind and just trade my system, has anyone used any sort of method in their trading to avoid looking at their account balance or watching their equity hop all over the place?
I find I make more sound decisions, hold positions longer for larger profits the less I look at my account balance and the less I watch the charts hop up and down. I am looking for a way to hide my balance/equity in MT4 and even maybe remove price as say $500 and rather just show it as a pip.
Anyhow, what methods have you guys used to control and manage watching the ticker? When your trading standard lots and have 5 positions open it's very stressful. One very good trader I trade with - We created a slack channel to discuss our trade ideas. He doesn't even watch his balance for an entire week. Claims he just trades and looks at his P&L on Friday... b/c he says if he saw his drawdown throughout the week it would kill his effectiveness in his plan. He's a true pro and cleans house every week. Though I know he has some big draw downs on intra-day, but he's always putting up crazy numbers week over week.
So... what do you do?