E/U M1, one position

I dont "invest"
I have never had a lot of money to trade with.
So what is usually called "Investment" was never an option for me.
In other words opening a trade and having it for 1 month, 1 years, 10 years... what ever.
Was never an option to me.
So i have mostly been interested in what happens in a day.

Another reason why im intersted in short term trades is that like i said i dont sleep well with open positions.

A nice hedge firm or what ever they are called, if they make 10% a year i guess thats a pretty good investment, right?
But why make it in a year, when you can make it in a day?
If you dont see that advantage, i guess you should take some grade school math...

I mean a chart is a chart... doesnt much matter if its a D1 or a M1 chart.
So why place the trades on a D1 chart when you can do it on oa M1 chart just as well?

One other reason is the reassurance of statistics:
If i have 80% winning trades, with equal loss and win size, its not so nice if i base that stat on 5 trades.
If i base that stat on 5000 trades ITS A BIT FUCKING BETTER!
And if my draw down is -0.5%
ITS A BIT FUCKING BETTER then -20%.

Exactly.
And im saying its not a "strategy".
Its what price is.
Its how you read it.
Its what you can say about it.

Well that was a good trade i guess and sometimes i have been able to do that.
But i would need quite some confidence, a quick trigger finger and good sleep and such.

I would not be able to plan to make trades like that.
I would not be able to depend on doing trades like that all the time.
But i do them sometimes.

Actually i sort of think i have to scrap this axiom.
The more i think about what i said here, the more it seem to make sense as i look at the chart...
M30 and such i mean...
Its strange that it changes somehow from week to week...
Ive always wondered if its because of price action or because of me.
I havent found any conclusive answer.
One friend thinks its one thing.
The other friend thinks its the other.

Also about the charts: Sometimes when i study H1 it just seems a little to slow to make decisions on.
I would not get in quick enough and get out good.
So i look at M30 and it seems the right medicine.
But then after a week i can see that i would ignore a lot of S/R that banks would have in mind if i was looking at M30.
So im going back to H1 seems like the right medicine.
And so on.

And hopefully after a month the balance in the account is more then the month before.
And it has been for 5 months...
So thats cool.

Or i will just think about it while i put some lambs meat to boil for 2-3 hours with lots of spices...

I know it's easy to analyze after the fact, but the wick of the M30 candle was quite large and could suggest further declines...

Thats sort of what i did yesterday.
Like i was saying though, i should change the topic of the thread, since i used multiple positions yesterday.
And doing that i consider drawdown mostly, instead of pip loss.
Like always, UTC -1 hour.
The leverage for each position is about 1:3 for each.
So if i have 3 open its not that big of a leverage, 1:9.
I have calculated that with experiience and im trying to raise it somewhat, but is a slow and tedious process.
But still at the end of the day it was +2.5% or so.
So yesterday was a an awesome day.
Monday was shit, i was WAAAY to tired and did -3%.
Shit happens.

I work with what i got
I would much rather be outside building stuff, hauling big things around, planting and so on, then trading.
As long as no psycho bitch or dipshit man in a suit was telling me what to do.
I would be pleased working, sweating and being rather poor.
As long as there was some foresight, some security, some thought behind it, some meaning.
As it happens that dont seem to be the case.

Im trading to able to have that.
Apparently as it seems, you need quite a lot of money to have that for yourself and your family.
Thats why im trading.
And i would be trading even if i would always be poor doing it.
Because there is no psycho bitch or dipshit in a suit who knows less then me telling me what to do.
There are no customers, no investors, no delivery people to convince or educate or make see things my way.
I dont have to manipulate, lie, cheat, steal.
I dont have to fit into someones idea of who i am.

I an ideal world i would much rather be doing something else.
But we dont live in an ideal world.

I dont like bank holidays
Nothing is better for me on a bank holiday.
Except i get to rest, but i prefer to decide that myself.
Bank holidays are irritating.
Nothing is better because of a bank holiday.
Only thing that happens is that i cant trade very well.
I wonder if they where made just to irritate me?
Bank holidays should be abolished, forbidden, shunned.

Two scalps around LON OP


some more lines...

Thats awesome.
You need some low spread and no fuss getting you orders out for those.

Thats rather ideal trades. With a couple of hundred bucks in an account, that will soon be millions.
Skill is everything.

Skill is everything... hard to do not agreed...
In may case is not a Skill, rather kind of a luck, and I do not have a luck all the time...

I would say its luck if statistically you are not profitable, but you are profitable here and there.
And its skill if statistically you are profitable in many trades.
I guess its a mathematical definition of luck/skill.

I was bowling once with my woman.
And i hit a strike every once in a while.
But then once i was able to focus and "know" it would be a strike.
And it was.
But i couldnt get the same feeling any more that day.
Kind of like it was "used" or i was "tired".

That's a case... Skill is when your luck is profitable at whole.