Then I set a target for myself for the next 12 months, i.e. until 1 June 2016.
Last week I realized that during the first 8 months, I have succeeded very much worse, than the schedule ("target line") to reach the target.
In average to reach the target during the coming 4 months, I will need almost +40 DAX points every trading day.
Sounds difficult and challenging?
Yes, sure!
Actually, looking at my results during the past 8 months, which are only very little positive cumulatively - this sounds almost impossible.
Anyway, this trading journal is to record the progress.
I have a "slow" system based on 1h and 2h charts.
This slow system gives in average around 1.8 signals per day, i.e. around ~ 35 per month.
Based on the time series and backtest, around 50% of those signals have positive expectation.
The methodology which I plan to use, is loosely based on the above system:
1)
For those slow signals which I analyze to be POSITIVE expectation, I will enter a full 3/3 position towards the direction of the signal and try to get a long, good run. Sometimes the system gives a possibility to +200 or more points per trade; it is important to NOT cut these winning trades too early.
2)
For those slow signals which I analyze to be NEGATIVE expectation, I will use a smaller 1/3 or 2/3 position, and try to actively scalp based on price action on 5 min and 1 min charts, reaching a positive result.