March was bad.
Unlike most threads where trend is brought up, there would be unanimous agreement on the trend of my equity curve.
About halfway through the month I realized I was blowing out another micro account, and came up with a good, simple money management calculator. Toward the end of the month, I actually started using it!
This was a very, very easy, yet major step toward trading like a pro.
In order to do that, I had to get the mindset that any trade could go against me, and that I won't know which one it will be. Size all positions properly.
Into April, my trading was still all over the place, and getting worse. I had to face the fact that my discipline was poor, and decided that for the next week I would pick a system, ANY system, and trade that ONE system. It didn't matter to me whether I won or lost, I needed to practice, and achieve discipline. Trade the signals; no signal, no trade.
My trading took a giant leap forward and has gotten better for 3 weeks. This may turn out to be my first profitable month.
The last problem was exits. I realized that I watched too many great trades turn into losers. Once you have 50, it's hard to accept 20. Even harder to accept 10, or 0. I need practice taking profits.
Consistency is top priority. But to become consistent, I will have to banish the innate desire to catch the whole move. I will have to take what the market gives me and be happy.
Usually when a person gets something, they know they've got it. I have that feeling now.
I did have help. Talking to a professional who was willing to spend the time with me helped me on that last step. Of all that he said, certain things turned the light bulb on, and his guidance made a few tweaks in my trading. (You know who you are, and thanks again, bro.)
My main point here is, if someone TELLS you what is wrong, or what to do, and it just doesn't seem to hit home, then they're wrong. It's not the right advice for you.
When it's true for you, you'll know it. Keep looking, don't give up, and use money management to stay alive to trade another day.
Unlike most threads where trend is brought up, there would be unanimous agreement on the trend of my equity curve.
About halfway through the month I realized I was blowing out another micro account, and came up with a good, simple money management calculator. Toward the end of the month, I actually started using it!
This was a very, very easy, yet major step toward trading like a pro.
In order to do that, I had to get the mindset that any trade could go against me, and that I won't know which one it will be. Size all positions properly.
Into April, my trading was still all over the place, and getting worse. I had to face the fact that my discipline was poor, and decided that for the next week I would pick a system, ANY system, and trade that ONE system. It didn't matter to me whether I won or lost, I needed to practice, and achieve discipline. Trade the signals; no signal, no trade.
My trading took a giant leap forward and has gotten better for 3 weeks. This may turn out to be my first profitable month.
The last problem was exits. I realized that I watched too many great trades turn into losers. Once you have 50, it's hard to accept 20. Even harder to accept 10, or 0. I need practice taking profits.
Consistency is top priority. But to become consistent, I will have to banish the innate desire to catch the whole move. I will have to take what the market gives me and be happy.
Usually when a person gets something, they know they've got it. I have that feeling now.
I did have help. Talking to a professional who was willing to spend the time with me helped me on that last step. Of all that he said, certain things turned the light bulb on, and his guidance made a few tweaks in my trading. (You know who you are, and thanks again, bro.)
My main point here is, if someone TELLS you what is wrong, or what to do, and it just doesn't seem to hit home, then they're wrong. It's not the right advice for you.
When it's true for you, you'll know it. Keep looking, don't give up, and use money management to stay alive to trade another day.