I've updated my PnL Even with twice 3k loss limit reached (@ Step 2 and Pro account Bis). The cumulative PnL still looks good. So what I've done. Step 1 - OK (300$) Step 20 - Daily 3k limit loss Step 21 - OK (50$) Pro Account 01 - Closed trade @ 3:14 CT - Reset Pro Account 02 - Daily 3k limit loss Step 22 - Running (300$) I've spent 650$ currently. Or 6.5% of 10K net target.
The main difference between demotrade and real trade is that there is NO harmonious blockage of our preferential cortex on the demotrade. When the real position and the real risk in each transaction begins, our pituitary gland begins to secrete hormones due to the changing surrounding reality (schedule fluctuations). These hormones degrade the quality of brain thinking. And so we demo king often falls off the throne. It is treated only with one thing - regular practical training. Our brain must learn to work properly in a state of altered chemical composition of the blood. Each person has a different conflict between the preferential cortex and the pituitary gland. And one person needs more strength than another to develop immunity to harmonic intoxication. Now in the trade, your pituitary gland does not feel the risk and sleeps. When you pass the test, he will throw dopamine to you and you will enjoy the work done. But when you start not just risking $ 350 once, but taking risks in each transaction, the pituitary gland will start producing hormones that will greatly change your body - the neuro-vegetative system will switch to a different state, the glands will start to work in a different way and the preferential cortex will have to think and accept solutions in other conditions.
Indeed, experience is the best teacher. Even though not every one is going to adapt. But I believe that to trust the system is one key factor. Give any professional an unreliable tool and he's going to feel insecure. We need to sharpen our craft, understanding, plan and execution. And we need to learn to take calculated and rational risks. One can set his trades up with Entry, TP, SL and leave. Or one can learn to stand the hit. It's Okay to lose. Fail quicker, faster and better. Trial and errors. Our job is to minimize risks and maximize rewards. We ain't paid by forecasting but by absolute. Earn more than you do lose. That's it. Mastery and Trust can't be bought. One has to train and level up. I have that feeling: "I don't want to lose" So I am willing to blow up for a one plus tick ?! This is stupid as f*ck and we all have weaknesses. First remove idiocies, what's broken and taking you down. Market will exploit the tiniest of the vulnerability within you. Make the bad things harder and the good things, easier. Get quality feedback on every aspect. Solve superior problems and rise. I don't think the devil is in the detail, When the map is useless to begin with. Take care.
Morning Sekiyo, Yes, I read and hear have a trading plan. Follow your trading plan or trading strategy. Be discpline. But what if the trading plan is crap? Well, a trader can not following something he/she does not trust. Even myself, I am just now taking the time to fully understand what is a trading plan and trading strategy. I have one written, but what I wrote has not been quality check or tested. It could be a piece of crap.