Hello everyone, here I am!
I have been trying straddling news and different systems in the past 8 monthes. My account had been drew down to 50% in the crazy first two months, then recover to 70% and then down to 60% again. I think my biggest problem right now is I couldn't reach a zen-like state. Most of the time I trade too much because of greed, sometimes I avoid trades or close trades too early because of fear, sometimes I am just not disciplined enough, jumped into a trade without seeing a good setup.
But, what I have learnt is important. I know if I do it right, I can be sustainably profitable (I had those moments, ). I know that I need to cherry pick my trade, not to trade every setup I see. I know straddling news can be very profitable but also very risky, so money management rule also applies here. I know I can't be a chartwatcher so I have to trade 1H or higher time frame. I know I need to anticipate a setup to form and prepare my strategy before it forms.
But what you know and what you do are two totally different things.
So here I am, doing myself a favor, starting this journal. Hopefully I will be busy in writing journals instead of trading. I was thinking to close this thread so I only see my trade here, but on second thought, some feedback can be very helpful.
Please fasten your seat belt, it's going to be a bumpy ride. (I hope not, but I guess I can't control that, can I?)
Emotional
aha
I have been trying straddling news and different systems in the past 8 monthes. My account had been drew down to 50% in the crazy first two months, then recover to 70% and then down to 60% again. I think my biggest problem right now is I couldn't reach a zen-like state. Most of the time I trade too much because of greed, sometimes I avoid trades or close trades too early because of fear, sometimes I am just not disciplined enough, jumped into a trade without seeing a good setup.
But, what I have learnt is important. I know if I do it right, I can be sustainably profitable (I had those moments, ). I know that I need to cherry pick my trade, not to trade every setup I see. I know straddling news can be very profitable but also very risky, so money management rule also applies here. I know I can't be a chartwatcher so I have to trade 1H or higher time frame. I know I need to anticipate a setup to form and prepare my strategy before it forms.
But what you know and what you do are two totally different things.
So here I am, doing myself a favor, starting this journal. Hopefully I will be busy in writing journals instead of trading. I was thinking to close this thread so I only see my trade here, but on second thought, some feedback can be very helpful.
Please fasten your seat belt, it's going to be a bumpy ride. (I hope not, but I guess I can't control that, can I?)
Emotional
aha
Target: Trading naked.