I guess it is more difficult to post when one finishes on a day of losses. However, posting online is to keep posting even when one loses. Score: clx -$1.3 clx unfolded roughly exactly as the day before, but for some reasons I couldn't believe it ( ), so exited the winners far too early, and accumulated many many small losses. What for sure I should not meddle with the trailing apect of the trailing stop. Nice comment I was given : " the nice thing about friday, is you have all the week-end to go over your trades one by one in detail".
June starting, summer here So spent the last week going through my trades, this was a real eye opener! Some of the trades made me smile and made me think "gigolo". I said I just wanted to trade well. I 'll refine this: this month is about having 100% winning days. I'll count no trading days as winning days- any little help. Score: A +$1.07 So let's go for a 100% winning days month.
So I didn't trade on thursday ( I was feeling very tired) nor friday ( our internet was down). I am realising that counting non trading days as winning days, makes me feel that it is OK not to trade and just watch the screen ( thursday). And on the other side, it seems like I am avoiding trading to reach the 100% winning days. Thinking of it, I could just stop here for the month and my target would be reached... This is not necessarily what a certain accountant would like to hear. So getting ready for monday: 2 days of non trading is actually too many non-trading days.
Got my losing day on tuesday. score : A -50cents So I have to learn how to score 100% winning days/month. Or may be this type of challenge is ridiculous . Nah... Trading for daily wins looks like a different kind of game. Yesterday, I watch the screen all day. I have decided to watch it till the end of the month, and start the challenge again in july of one full month of trading with 100% winners.
No I am still in! So I am on forex this july. Same target : one full month with 100% winning days. Non trading days count as winner.
1st july 2010. forex: +20pips As I have not been trading for ages, I felt a huge sense of happiness ( not excitement!) to be able to put my trades. Having been extremely for more than 2 weeks, watching and watching , it felt ok to wait one hour, 2 hours,... for the right spot to get in. No urge to put a trade, no stress, extreme calmness. Still 19 trading days left.
traded yesterday. forex: 26pips. not great as I had to leave early to cater for visits. I am looking forward to having no disruptions at all next week, as I miss the moves that are news driven. I have to say the lad doing the funda is really impressive in his analysis. At least I am still in the challenge for july. I am not enjoying this challenge as it is and will tighten the no trading day is a winner, to a maximum of 4 non trading days a month. Also, been informed I need to pass the series7. Even if I am not a US citizen, even if I have no intention... I am teaming up with another trader who has tried it 2 times and has not managed. Might as well find out what not to do beforehand. Learning from other's mistakes
monday trading forex: 49 pips I was kind of moaning about the non-trading day is a winner and wanted to add constraints on it... seems to me this actually allows me to trade without undue pressure. I am also realising a trading day doesn't necessarily mean taking a trade during the day. Not taking trades is OK, as it mean I have a winning day. I really wonder by how many pips will the market react to the bank stress testing this thursday&friday. Preparing the series 7: choosing the right book is key. Luckily my buddy agrees to ditch his actual preparation material. As a non native English speaker, I need something clear and simple to understand. No time for junk books.