As I begin the journey of transiting into a full-time trader, I will be using this journal for my daily reflection.
Comments are welcome but this is more of a personal thing.
Comments are welcome but this is more of a personal thing.
Trading on the Right Side of the Market (Hopefully) 85 replies
Help with hopefully simple expert 0 replies
Hopefully my last.. 11 replies
Hopefully easy fib question 3 replies
DislikedAs I begin the journey of transiting into a full-time trader, I will be using this journal for my daily reflection. Comments are welcome but this is more of a personal thing.Ignored
DislikedUpon reviewing Friday over and over it's clear that this was indeed an error due to my emotion. Had I followed my trading rules the day would have been positive. Had I trade with my usual lot size while revenge trading the day would have ended with a 25% loss. Despite the loss, I am confident that I have found a way to succeed in the forex market, I was able to recover 3 years of losses in 1 month. I am positive I can do it again and this time I will not make the same mistake.Ignored
DislikedYet another crappy trading day return wises. However, at the moment, this isn't about the money for me. It's about me mastering my system and the only way I can do that is by taking more trades and following in the rules as such I have lower my timeframe significantly to get more trades per day. The commission to enter a trade is 3 pip, I consider a day to be successful as long as I am in positive pip territory as later on when I scale up the timeframe the commission would not be an issue. Yesterday earning 10 pip, pip paid in commission 54....Ignored
Disliked{quote} Inefficient yes , but green is green. Achieving Positive expectancy by utilizing inefficient variables doesn't make it less important of an achievement . As long its consistent . If you gather a data pool of couple thousand trades and you still on green it means you are doing it right.Ignored
DislikedHeh the demo account started with about 5 losses in a row, The spread was high due to NFP since my stop loss is 1.5 pip it was trigger as soon as I enter the trade. Won't happen again.Ignored