Now 150% profit since I started, thanks to patience and a better understanding of market reactions. Trading much less and making many more pips. Now not thinking so much about the money, but how many pips I can make. A sign I'm getting there.
At the beginning I was scratching around like a chicken pecking away for a few pips here and there, now I'm looking more long term. Identifying the long term trend as I see it and placing a trade. It seems I get the short term trend wrong as I often have watched the trade go against me only to turn around, eventually.
1. Get better entries (use Phillip Nels 5 min approach?)
2. Plan the trade better
3. Get quicker at setting my mental stop losses
4. WRITE MY TRADING PLAN DOWN
Now have a daily routine, but must concentrate more on my official job.
(level 34)
At the beginning I was scratching around like a chicken pecking away for a few pips here and there, now I'm looking more long term. Identifying the long term trend as I see it and placing a trade. It seems I get the short term trend wrong as I often have watched the trade go against me only to turn around, eventually.
1. Get better entries (use Phillip Nels 5 min approach?)
2. Plan the trade better
3. Get quicker at setting my mental stop losses
4. WRITE MY TRADING PLAN DOWN
Now have a daily routine, but must concentrate more on my official job.
(level 34)