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Welcome to those of you coming here from my blog as well as the members here on the forum (I know some of you are both).
I'm not trying to do anything fancy here, just journaling my trades and thoughts, and going through the process of improving my trading.
I want to take a moment to give a sincere “thank you” to Big Mike for all the work he puts into making this a supportive and informative place for us to share our passion for trading.
I also want to give a sincere “thank you” to the many traders here who are continually sharing their knowledge, experience and wisdom – much of the time with excruciating patience.
And now, let the journey begin...
- D4
"Is it hard? Not if you have the right attitude. It's having the right attitude that's hard." - Robert Pirsig
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Pullback to overnight resistance (resistance becomes support) in an uptrend. Took profit a few ticks before next possible resistance level (minor swing high). You'll note from the DOM times (and color - blue) that these are sim trades.
"Is it hard? Not if you have the right attitude. It's having the right attitude that's hard." - Robert Pirsig
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Thanks V. I've been reading your journal over the past couple of days and really enjoy it. I don't trade options, but what you do/say regarding trading in general is really invaluable to anyone who will actually "listen" and try to absorb "the message," whether it's options, futures, stocks, etc. Thanks for continuing with it, sharing it in this forum, and being supportive of others like me.
- D4
"Is it hard? Not if you have the right attitude. It's having the right attitude that's hard." - Robert Pirsig
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"Is it hard? Not if you have the right attitude. It's having the right attitude that's hard." - Robert Pirsig
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"Is it hard? Not if you have the right attitude. It's having the right attitude that's hard." - Robert Pirsig
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I got the layout/idea for this from Forexbird and after modifying it for my purposes, used it extensively last year.
It turned out to be extraordinarily helpful for me because, despite the fact that I was unhappy with the way I felt about my trading/performance, the numbers were telling me a different story.
They were showing me that, over time, I was not only net profitable (using a simulated account) with my trading (despite mistakes, stupid entries, etc), but showed me how it was being achieved. It gave me much more confidence in my “abilities” and the motivation to continue forward.
It provides me with not only my P/L, but a valuable quick snapshot of information like my max drawdown for the week, average win/loss, and most importantly my Expectancy. And it shows me where I may need to make some improvements (that Avg W:L is pretty low this week...).
I'm starting it again here with this week's numbers so I can get my head back into the game and press on.
"Is it hard? Not if you have the right attitude. It's having the right attitude that's hard." - Robert Pirsig
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"Is it hard? Not if you have the right attitude. It's having the right attitude that's hard." - Robert Pirsig
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