Simple Trading Journal by Pipetto

What a day Could start my session at 3:30pm and still managed 13trades. I will not post every single one of them because you and I know that this is way too muchat least for my way of trading. So YES I overdid today.. but I kept my iron rule to cut my losers fast und keep them small! And thats why in the end one successful trade was enough to save the day and generate a daily profit of +0,89%. I will post the last trade which gave this nice profit.

AUD/USD short


And here the proof that there were 13 trades for today ..


And now I am interested if some of the readers would like to know something special? Or is there somehing else I could improve to make it more interesting? Just let me know and I do my best to improve this journal

Kind regards
Pip

Always learn from days when you recognize that trading was no good decision. As mentioned at the beginning of the week this week was troublesome and now I realize that these circumstances also lead to troublesome trading from my side. Trading can be so cruel.. One mistake and the work of days, weeks or months can be destroyed. It was not that much but today was a clear losing day. The third one since starting this journal on decembre 25th. But it is not the losing day itself that angers me... it is the HOW!... I dont need to write more.. 20 trades speak for themself..

I am slightly down for the week and maybe I will manage to bring my trading week to breakeven or better tomorrow. But the main thing will be to start quality trading again! More focus, more concentration and more preparation. All this was missing the last days and I felt the consequences of this the last 2 days.

I will post my best and my worst trade

The worst -> EUR/GBP short


The best -> GOLD short


Pip

Today I have a bit more time to watch the charts and it seems I take care of my entries and exits far better Markets moved nicely until now and it seems everything is preparing for a pullback and maybe I find an entry to get in back and gain more pips..

GBP/USD short 1st try


GBP/USD short 2nd try


GBP/USD short 3rd try


EUR/GBP long 1st try


EUR/GBP long 2nd try


EUR/GBP long 3rd try


AUS/USD short


You can see that with a little bit more patience I would have just 3 trades and a few more gains It is hard to find the balance between cutting a loser quick and trust in his own analysis. But I prefer having a lot small losers and one big winner to cover this and make some extra pips

Now I am curious what news will bring and maybe there will be some entries later
Pip

Hello traders, readers and my special guest who told me that he is reading my journal as well.. love you my brother!

I am satisfied with the gain for today, but again I am not satisfied with the qualitiy of the trading. Too many entries, too much stress and too much decisions made in a rush although there was enough time. I think about reducing the pairs I am watching. Right now I have an eye over all the majors plus GOLD and DAX. In the end the dollar runs the world and maybe it is enough watching over EUR/USD GBP/USD and EUR/GBP..I have two days to think about that I want to present again only a few trades because in the end there were 31 for today which is way too much to upload here.

One of the good ones
GBP/USD short


And one of the bad ones


Now the interesting part for all fans of charts and statistics :nerd:

Weekly trackrecord


And this results in a weekly profit of +2% (not much but better than expected after yesterdays fiasco)

Have a nice weekend and have fun with your families
Pip

Ouch that hurt a lot.. But always let the mistakes you make not be for nothing. Just take it as a price that you pay for this lesson and dont do it again, ever!

1.) Opening a second or more positions while the 1st one is still at risk (not breakeven or closed)
2.) always take a look at the higher timeframe before you open a trade
3.) keep these things in mind

I took a tough loss today and had to leave my desk before I could open a short in GBP/USD.. which would have covered nearly all my losses. Main thing is that I am still alive and those losses can be recovered in a few trades. There is still so much to learn. Love it!

What about you guys? Do you also know those moments when you know you are doing it wrong but still you do it? And how did you master this?

Maybe I post some ideas for tomorrow later
Pip

I need a break until next week .. There are a lot of things I need to overthink.

But to post a chart I made a nice screenshot with explanations for textbook trade that occured today. Of course I didnt take it

EUR/AUD short


Pip

Hello guys,

my break was a bit longer than planned but I worked hard on my trading plan and am pretty sure, that I can offer some nice charts in the coming months. In march the journal will continue and I will post on a regular basis again.

Wish you guys all the best

Pip