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I had mentioned to another trader that I was a buyer today, but expecting to see both ends of stops run. The entry confirmation was the inverted H&S off the demand zone.
And the "demand zone" is something new I am playing with.
All that craziness, only to finish inside the range of the opening 5 minutes of the day... Very tough day to trade. After that major whipsaw, I was not touching that burner again...
Month one, over and done. Now I have a base for reference to see if I improve, get worse. It was not an incredible record, I have seen other guys who just blow me away. But they don't have any money in my account, and I am getting better every year.
I will go through my broker's statements this weekend to determine equity gain after expenses, not into it right now. I have beer to drink.
Just joined Asia On The Bid recently. It is not as easy to figure out as nexusfi.com (formerly BMT), but I am still interested in exploring other time zone markets. While I am studying forex I figured I could add some more options. I'd like to have multiple windows of opportunity if I am going to trade for a living.
my biggest problem in trading is that I couldn't accept losing days. every time when one happened I had to figure out a way to turn it green by altering my trading method. but no matter how I managed it sooner or later I'd have another losing day, and had to repeat the whole process again. I had been doing this for almost a year now, and so far I haven't been able to come up with a trading approach that never loses :-(
intellectually I know that I've been on a fool's errand, and I figured that the best antidote for me was to stick to a well-defined approach for at least a month and then analyse the actual trading results. but whenever a losing day happens I just couldn't help myself from tinkering my trading approach. for some reason I believed that a winning method would make money everyday otherwise it should be just scrapped.
it helps so much to see from a credible source that losing days does not invalidate a winning approach. you had a few losing days, and your biggest losing day was greater than your biggest winning day, i'd have been crushed by that, but you obviously just brushed it off and kept doing what you believed in and the end result spoke for itself.
congratulations for a spectacular month. I've decided not to trade CL from now on, in case you take all my money from me. :-)