What a nice day! 3 winners, +4.1R net, I couldn't be happier :)
I think I'm starting to fall in love with trading all over again, I mean.. damn it's fun, it's fast, when you have a loser, you cut it fast, when you have a winner, you let it grow, see how much you can extract from him.
Today I finally have been highly disciplined, followed my plan, didn't over trade, utilized the R system completely, took partials on 2R like my friend have taught me, everything just blend perfectly, I think it was my day trading at it's best.
I took a step back from the 1min charts like my friend said about yesterday's trades, and moved higher to 5min and 15min charts, and it went just fine..
The philosophy I like best is what Trader X wrote in his blog, come to the markets with the mindset of "I don't have to trade today", and that way I don't take mediocare set-ups, and just went for the best I could find, I finished the day as soon as I saw that the next trade will only going to ruin things, if after 3 winners I'd have a loser, I'll think "ahh, I've made 3 straight winners, I can't be wrong!", and keep eating my profits lose after lose, so I just realized I should stop trading since I've had enough R for today :)
Hope you guys have a good day yourself.
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2 comments:
good job!!! put a few charts so that we can see what magic you've been practicing.
One more advise - stop getting excited and "in love" with trading. This is NOT a good sign. When you will start to get bored and tired of doing the same shit over and over again - than you'll know you've reached there...
Well it's exciting for now, but I guess it will be a routine later on..
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