In the name of "what gets measured gets done" I'm starting a trading journal again. Alot has happened since my first journal for sure. Mostly stupid dabbling around because I lacked confidence in my trading ability. Until roughly 3 months ago i found a mentor and have been really going 200% full power since then. First I started with my old method again, but this time I decided to analyze it to death until i knew everything about it, and knew everything about my edge, mostly so i have the confidence to back all my real time trading decisions and so i know my rules are based on truths that are tested long term and not guesses or 1 or 2 months of poor backtesting.
So I did some real analysis, not your "I'll analyze it for 2 months and decide my entire trading life on that" style what most people do on 60 different systems, only never to settle on 1. I analyzed everything I could possibly run in to, all the data i could get, all logical variations, which hours are good/bad which days are the best/worst, etc etc. I continue to analyze more daily so i find every possible bit of edge i can get my hands on. Apart from that i obviously also track all my live trades and analyze those.
Because I like to stay focused i basically only trade 1 system, 5 (main) pairs on 1 TF. The only thing that can change in the near future about this is that I'm looking to reduce my risk per position and diversify only by adding some higher timeframes (due to a lower impact of spread on results mainly), but as you can read in paragraph two, that will take insane testing and calculations before implementation.
I will not be going into a lot of specifics on my current strategy here, because quite frankly i think that is pretty pointless. There are hundreds of good strategies out there. I trade an FF strategy that is tweaked to my liking and as i said analyzed so i know exactly how to trade it. anyone that want to be profitable in my eyes only has to do the same: invest time and get laser beam focus.
My intention is to share a weekly report. This is so I measure my progress, and commit myself to do this weekly by posting it (around sunday). If it would be helpful for other to read that would be a nice byproduct.
Kind regards:
nevie2
So I did some real analysis, not your "I'll analyze it for 2 months and decide my entire trading life on that" style what most people do on 60 different systems, only never to settle on 1. I analyzed everything I could possibly run in to, all the data i could get, all logical variations, which hours are good/bad which days are the best/worst, etc etc. I continue to analyze more daily so i find every possible bit of edge i can get my hands on. Apart from that i obviously also track all my live trades and analyze those.
Because I like to stay focused i basically only trade 1 system, 5 (main) pairs on 1 TF. The only thing that can change in the near future about this is that I'm looking to reduce my risk per position and diversify only by adding some higher timeframes (due to a lower impact of spread on results mainly), but as you can read in paragraph two, that will take insane testing and calculations before implementation.
I will not be going into a lot of specifics on my current strategy here, because quite frankly i think that is pretty pointless. There are hundreds of good strategies out there. I trade an FF strategy that is tweaked to my liking and as i said analyzed so i know exactly how to trade it. anyone that want to be profitable in my eyes only has to do the same: invest time and get laser beam focus.
My intention is to share a weekly report. This is so I measure my progress, and commit myself to do this weekly by posting it (around sunday). If it would be helpful for other to read that would be a nice byproduct.
Kind regards:
nevie2