Wednesday, July 27, 2011
No updates over the last few days and might be a while before another one because I haven't been trading. I've been going back over my method and mistakes. Also trying to see if there's any way I can streamline my method to use probabilities more and discretion less. We'll see how it goes.
Friday, July 22, 2011
Seriously beginning to doubt myself now. Something I've been wondering lately is if my large increase in lot size is causing a psychogical issue. I feel like I was more comfortable trading the small size, maybe that allowed me to easily take the small wins and now I'm too concerned about the money. Maybe I need to overhaul my method. Bleh. I don't know.
Thursday, July 21, 2011
The market moved up 260 pips during my session and out of those 260 I took home...1. hah. Spread was too wide most of the time so I just sat by and watched. During these types of moves I don't know that spread will ever be .9 - 1.3 for long. So may just have to go with it on these rare days. The risk is increased but so is the reward. I'll have to think about it.
Sunday, July 17, 2011
A rough week kicked off by the bad trading on Monday. Which then led to more bad trading on Tuesday as I traded to make up the losses rather than trade correctly.
Before Jan I'd make rediculous trades daily, then compound the problem by trying to make up the losses. Now I do it only several times a month. This shows improvement but I need to improve more.
Two things I've identified as needing to work on:
1) As mentioned above, long term consistency. Doesn't do much good to trade well for a few weeks then trade so bad in one day that it wipes out the previous hard work.
2) Cultivating a long term mentality. Meaning to keep calm when going through a rough patch, because if I trade correctly I'll come back positive.
Both the above will go a long way to minimizing mistakes and maximizing profits.