dudes journal -
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thread: dudes journal

  1. #151
    Member gas's Avatar
    41
    I enjoy the table, is there some variation with all the lot to use along with the growth every month?

  2. #152
    Took a good look at things I need to do to improve my trading. Realized that five out of the previous five Mondays I have been profitable, and many Tuesdays, also. Then by Wednesday I'm over-tired, having had a lot of screen time and not enough sleep . I then take poorly thought-out transactions, then revenge commerce when those transactions go poorly, and treat the demonion like a toy. Then by Friday I'm deeply in the red and resetting my demo account--but not having addressed the inherent problems. Fixes: Launched a daily schedule yesterday that...
    You need to change your trading hours.
    Trade the US open instead of the United Kingdom.
    Concentrate on the range between the two (open) sessions (instead of Asia) to understand the boys movement.

    Make your pips (establish a goal), shut your platform and go away ... go do workout
    Good fortune


    Motivation photos
    little and slow, we can move much






  3. #153
    Senior Member edukyplug's Avatar
    122
    Took a good look at things I need to do to improve my trading. Realized that five out of the last five Mondays I have been profitable, and most Tuesdays, also. Then by Wednesday I'm over-tired, having had too much screen time and insufficient sleep.

    I then take badly thought-out transactions, then revenge trade when those transactions go poorly, and treat the demonion like a toy. Then by Friday I'm deeply in the red and minding my demo account--but maybe not having addressed the inherent issues.

    Fixes: Launched a daily program yesterday which includes reduced display and trading period, more sleep, daily exercise and much more care in selecting trades. Sleep and exercise are essential for me to arrive in my trading desk clear and calm, ready to make great decisions. And if I'm over-tired, anxious or angry then I won't trade.

    My new mantra:


    50 pips now.
    Took profits on CAD transactions that were conducting--too eager to take profits.

  4. #154
    Senior Member edukyplug's Avatar
    122
    Another lesson:

    On Friday, 11 May I started trading near NY open. I created a basket of 7-9 transactions that immediately went positive. Instead of remembering that it is Friday, and there is little/no news today I was feeling poor and selfish because my last two months have gone well, and a fast 50 pips was too easy/not enough. I saw one commerce in my basket which has been moving backwards, while all of the others were doing well, and simply ignored it.

    It took me a ridiculous ten minutes until I understood that I'd Shorted the more negative trade pair rather than going Long! Aughh... I corrected my mistake, and ate -20 pips.

    As I sat there, waiting for more follow-through and also for my commerce basket to grow to 80, 100, etc pips, imy basket went backwards. I dropped poorly performing transactions, as normal, and additional new transactions to my basket--all the time that the no-news Friday NY session had been dying, and there was less and less follow.

    Eventually I'd dumped most of my basket's transactions, and was feeling mad at myself to entering that wrong-direction commerce, for not immediately recognizing my Entry mistake, and for chasing a dying market. Revenge trade-mode, and self-punishment mode kicked-in: I liked the increasing -CHF COT and retail trader extreme CHF placement. I opened a 42 LOT commerce long USD/CHF, and left it for the weekend.

    Having that commerce open weekend destroyed my weekend expected and made me think, again, about my operation on Friday. By Sunday, at Market open I calmly exited that commerce for 1/2 as much profit as had existed on Friday overdue NY session. Lesson hopefully discovered, or at least getting closer to trading more frequently and smartly.
    Onwards...

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