Bate's trade journal

Sorry if my english not good, ill try my best to make this journal readable to anyone. Im not a successful trader yet, last year i blown my 60k account. I grew that account from $100, so i know trading can profitable. I will share my insight how i trade and how i blown my account just a year. Its really depressing experienced tbh, and i still try to recover my mental and mindset. Oh yeah and hope i can make new friend as trading sometimes can be boring and sometimes i pull the triggered just for the adrenaline.
First I will explain my trading concept. I think its similar to texas hold'em game, theres luck factor in play, i can play any hand with probability in mind. If its good then take position. If its not to good or not sure, i can chip minimum bet and look what happen in the next card opened. In trading term, next card mean my timeframe i used for trading, i used daily and hourly, so every hour i must make decision whether to hold or fold or increase bet. But no matter how good my hand or setup, i still can lose for any reason i dont know and its probability, even 90% win hand can sometime lose because 10% in play. So always keep that in mind, setup and result is not the same thing. People always make judgement just because the result is bad or not what is expected then it must be the setup or decision that wrong. So that people always tweak their method until they find holy grail which is non existent. What i think more important is money and emotion management. And I lose my account because that two, i will share my story if anyone interested. I trading profitably for 5 years and 1 year just to erase all that gain. Next thread i will share my trade setup

Hello Bate,
honest attitude towards yourself.Respect.
I went through similar experiences, only my total losses were $310,000. Accumulated after a total of 11 years of work.
Now I am recovering from this nightmare that I experienced - Glory to God!
I wish you patience and perseverance, to myself - never again let my ego command me!
Chris

Hello Chris, sorry for your loss. I feel your desperation, i think when our emotion left unchecked we can destruct ourself in short period. I still have problem managing that, even when i make a rule i cant trade min 3 bar/ 3 hour after loss, i still trade because personal reason or just want to be right about my prediction. Thanks for your words, that make I feel not alone in this journey, really hope you can managing your ego and have success in your trading and life

Now I will share my trading history and my setup. After many attempt searching the holy grail with indicator and loss $6000, I quit and didnt see graph again for 4 years. I switch to garment business, and when it failed, I have only $1000 left in my account. Since i have nothing in my mind what to do next, I try open micro account and deposit $100, with 1 pip move $1. I only risking 30 pip every trade, that mean i only have 3 attempt before i lost it completely. I forgot where i get idea trading naked, trading using only support and resistant, since every indicator seem useless for me. I think its from the book trading wizard and this forum. Luckily i survived and managed to make it $2000, and then increase my size to 2 pip mean $2 for every pip, and so on for increment of $1000, but my plan i will also reduce my size if my account down $1K.
So here my trading rule and setup:
1. Only using support and resistant.
2. Use Daily as main direction, then make decision using lower time frame, when 1h 4h and daily inline i make a trade.
3. Always searching trend, higher low higher high (HLHH) or lower high lower low(LHLL), that where the meat is, no matter if your trading style only have 30% chance, if you catch the wave, your lose will recover and make some profit. That also why i said earlier i have luck on my side since i only have 3 attempts
4. Always have stop loss no matter what, and stick with it, do not move it if the number approach your SL, just take the loss and move on. And I know its hard, very hard to move on, we tend dont want on the wrong side. Before i using fix SL 30 pip, but now I set my SL on the next support if i buy, or next resistant if I sell
5. Only Averaging up, add position if you already net positive and can move your previous SL to breakeven. Do not averaging down, it make harder to recover if you on the wrong direction. Greed when you win, not when you lose, and fear when you lose, not when win. That relate to point 3, when i said your lose will recover, if I afraid to add position, i wont grow my account.
I think that for now, i will add some more tomorrow and what i do to blew my account.