My worse trading day so far. I have nothing bad to say about the choices as almost all were small marginal losses and I am only -1 in Win/Loss column. The problem was a bad, very bad money management. And that I will have to improve immediately. 1. Too many trades for one day. Absolutely too many and that can never ever work in our favor. 2. Large trades looking at it back.
Every day begins with 0-0, I know, and tomorrows a new day but for someone as experienced as me today's lapse is inexcusable. That won't happen again.
My worse trading day so far. I have nothing bad to say about the choices as almost all were small marginal losses and I am only -1 in Win/Loss column. The problem was a bad, very bad money management. And that I will have to improve immediately. 1. Too many trades for one day. Absolutely too many and that can never ever work in our favor. 2. Large trades looking at it back.
Every day begins with 0-0, I know, and tomorrows a new day but for someone as experienced as me today's lapse is inexcusable. That won't happen again.
If you may - I want to comment on your recent trades. Before I do - I want to state that i have immense respect for all you do here and especially your positive attitude trying to better people around you. Now to the trades: I could help not noticing that the half of your losing trades were against MACD. I can see that you know very well your trades and wonder why you went against your principles in the last day or two.
With all this said - I have a great faith in you and your trades. I am sure that next week you're gonna analyse all what happened this week and act accordingly.
@sportsmavin
If you may - I want to comment on your recent trades. Before I do - I want to state that i have immense respect for all you do here and especially your positive attitude trying to better people around you. Now to the trades: I could help not noticing that the half of your losing trades were against MACD. I can see that you know very well your trades and wonder why you went against your principles in the last day or two.
With all this said - I have a great faith in you and your trades. I am sure that next week you're gonna analyse all what happened this week and act accordingly.
Ok. Although not used to this too much, sometimes one has to deal with some results of his action as painful as they are. I was at 40,375$ balance before yesterday and now stand at 27,815$ That is a loss of 12,560$ and the result of 4-7.
I was at 70-49 + 20,442 $ personal record and now stand at 74-56 +7,782$ profits. I have a whole weekend to deal with my demons. I gotta whole weekend to first blame it on others, than on the bad luck and million other excuses why it happened, and only after all that to blame myself for it and take some responsibility. The last stage will most probably be saying to myself that if I will stick to what brought us to over 20K profits in just couple of the month - can take us all again where we wanna be. Another thing to be taken into consideration is a strict money management.. That is it for now. I will see you all on Monday for a profitable month of June. Because on thing we managed to maintain is profitablity for each and every month trading
Ok. Although not used to this too much, sometimes one has to deal with some results of his action as painful as they are. I was at 40,375$ balance before yesterday and now stand at 27,815$ That is a loss of 12,560$ and the result of 4-7.
I was at 70-49 + 20,442 $ personal record and now stand at 74-56 +7,782$ profits. I have a whole weekend to deal with my demons. I gotta whole weekend to first blame it on others, than on the bad luck and million other excuses why it happened, and only after all that to blame myself for it and take some responsibility. The last stage will most probably be saying to myself that if I will stick to what brought us to over 20K profits in just couple of the month - can take us all again where we wanna be. Another thing to be taken into consideration is a strict money management.. That is it for now. I will see you all on Monday for a profitable month of June. Because on thing we managed to maintain is profitablity for each and every month trading
I don't know if in conjunction - but this is a general thread - while the Monthly threads gonna be focused on all that particular months with its economic events according to calendars and the trading signals gonna be way much more educated and education but most of all profitable
I don't know if in conjunction - but this is a general thread - while the Monthly threads gonna be focused on all that particular months with its economic events according to calendars and the trading signals gonna be way much more educated and education but most of all profitable
Ok. Although not used to this too much, sometimes one has to deal with some results of his action as painful as they are. I was at 40,375$ balance before yesterday and now stand at 27,815$ That is a loss of 12,560$ and the result of 4-7.
I was at 70-49 + 20,442 $ personal record and now stand at 74-56 +7,782$ profits. I have a whole weekend to deal with my demons. I gotta whole weekend to first blame it on others, than on the bad luck and million other excuses why it happened, and only after all that to blame myself for it and take some responsibility. The last stage will most probably be saying to myself that if I will stick to what brought us to over 20K profits in just couple of the month - can take us all again where we wanna be. Another thing to be taken into consideration is a strict money management.. That is it for now. I will see you all on Monday for a profitable month of June. Because on thing we managed to maintain is profitablity for each and every month trading
Quote Originally Posted by SportsMavin:
Ok. Although not used to this too much, sometimes one has to deal with some results of his action as painful as they are. I was at 40,375$ balance before yesterday and now stand at 27,815$ That is a loss of 12,560$ and the result of 4-7.
I was at 70-49 + 20,442 $ personal record and now stand at 74-56 +7,782$ profits. I have a whole weekend to deal with my demons. I gotta whole weekend to first blame it on others, than on the bad luck and million other excuses why it happened, and only after all that to blame myself for it and take some responsibility. The last stage will most probably be saying to myself that if I will stick to what brought us to over 20K profits in just couple of the month - can take us all again where we wanna be. Another thing to be taken into consideration is a strict money management.. That is it for now. I will see you all on Monday for a profitable month of June. Because on thing we managed to maintain is profitablity for each and every month trading