my video trading journal -- GoodGoodTradingDayDayUp

I start a video journal on youtube screen-recording all my trades. Hope that by this way it would be helpful to force me keep away from over-risky or over-trading.

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Day12：+ 63.1 pips
All: +697.5 pips;
remark of the day: Severe Overrisky and Overtrading due to the phycology of "loss aversion".
Grade D.
Necessity for some hard and rigid risk control.
a few minutes to review all trades of the day:

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Day11 + 34.3 pips, 2021.01.05. Normal.
Day10 + 36.3 pips, 2021.01.04. Overtrading
Day9 + 53.5 pips, 2020.12.31. Overrisky
Day8 + 30.5 pips, 2020.12.30. Normal
Day7 + 55.0 pips, 2020.12.29. Normal
Day6 + 23.3 pips, 2020.12.28. Normal
Day5 + 84.1 pips, 2020.12.24. Normal
Day4 + 33.5 pips, 2020.12.23. Normal
Day3 +199.3 pips, 2020.12.18. Overrisky
Day2 + 22.2 pips, 2020.12.17. Normal
Day1 + 62.4 pips, 2020.12.16. Normal
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Day1's video:

Day2, 17th Dec 2020

DayDayUp's live trading || Day 2 +22.2 pips || 17th Dec 2020

Day3 +199.3 pips, 18th Dec 2020.
However, it was a over-risky day.

Day 4, 23th DEC 2020
+ 33.5pips.

Day3 was over-risky, so I stopped trading for two days and finally decided to add one more rule: Never Put Second Trade if Losing. Putting second trade when the first one losing was the direct reason of being over-risky last Friday.

Day5 +84.1pips, 2020.12.24
All days: +401.5 pips

2020.12.28:
Day 6: +23.3pips;
All days: +424.8 pips;
5 minutes to review all trades of the day.

Hi Firesirius, good results on a daily basis, but could you explain what this "zone" is and on what basis you make decisions to enter and exit your positions? Thanks in advance and good luck with your video journals!

"Trading In the Zone" is a book about trading phycology. It is a very good book. You can google it for more information.
In the view of this book, the key part of trading is the phycology instead of the technical part. The technical part, which is about when to enter and exit, is important, but most people still fail in market even if they already have a good technical setup, due to the phycological reasons, including me. So I screen-record my trading hoping that this can be helpful in keeping myself in the right track of trading.

It is only a few days since I begin to screen-record my trading, so there is still not sufficient support to say my trading is good. When I feel that it is enough to say my trading is consistent I will make some videos about both the technical part and the phycological part of trading in my youtube channel.

Before that, I recommend you the book “Trading in the Zone”.

I have a history of losing control of the trading and blowing up my account, so I will not explain too much about my trading, it might be not consistent.

I can say something about the "not-to-do" rules about day-trading, especially about overtrading. In my opinion, overtrading is not about trading frequency. It is about the trading reason. If a trade is in the trader's strategy, then it is OK. If a trade is not in the strategy, the trader is overtrading even if he only make one trade a week.

And，I am anti-martingle. The martingle-type strategy is very dangrous for day-traders. It englarges the luck side of phycology especialy in day-trading and can easily lead to heavy-trading and then there is a high probablity of blowing up.

Thanks for your answer, I read the book years ago. I wish you success .... I think you will succeed in your work. My contribution to your activity .... When you decide to open a position thoughts about the loss, consider the amount, can you continue without it affecting your day and your trading opportunities, adjust the figure so that it does not affect you even to happen. For me, the loss of money is the most important indicator for a transaction. The rest are technical details (they are important)! Green pips for you and a successful new year!

Day7: +55.0 pips；
All days: +479.8 pips；
5 minutes to review all trades of the day.
2020.12.29

Day8: +30.5 pips,
All days: +510.3 pips；
5 minutes to review all trades of the day.

Day9 +53.5 pips;
All days: +563.8 pips;
However, it was a over-risky day.
5 minutes to review all trades of the day:

Day10 +36.3 pips;
All days: +600.1 pips;
It's a overtrading day. I'm losing control.
If this continues I would have to stop trading for a couple of days.
5 minutes to review all trades of the day:

Day11: +34.3 pips;
All: +634.4 pips;
remark of the day: Normal.
5 minutes to review all trades of the day.

Day12：+ 63.1 pips,
All: +697.5 pips;
remark of the day: Severe Overrisky and Overtrading due to the phycology of "loss aversion".
Grade D.
Necessity for some hard and rigid risk control.
a few minutes to review all trades of the day.