Moty`s Journal [Awarded Title: Samurai Sword Fruit Chopper]

[immy]

Now we're talking Moty... well done... my next best trader is almost ready.... you make us proud mate...

[moty]

Immy, Sam, thanks a lot.

[moty]

1) Monday- no trafes.
2) Today- 2L, 1W.
Total daily loss= -0.5%.

[moty]

Hi

Two trades today, with 2 rents.

Total daily loss= -0.9%.

[moty]

Two trades today, 1W, 1L.

Total daily win=+0.9%.

[moty]

Today 2 trades, 1W, 1L.

Total daily win=0.4%
------------------------------

Weely:
9 trades, 3W (33%), 6L (66%)

Total weekly loss=0.06%
-----------------------------------

Monthly:
47 trades, 18W (38%), 29L (62%)

Total monthly win=8.6%.
===========================

[immy]

Moty All I can Say is WELL DONE! The win loss %age does not matter. What matters is 9% win per month can make you a millionaire in time. (pst: what would stop you from doing what you're doing?)

[moty]

Sorry Immy, I did not understand what you mean when you said "what would stop you from doing what you're doing?"

[immy]

Sorry Immy, I did not understand what you mean when you said "what would stop you from doing what you're doing?"

Bill Williams writes in his book, "We often stop doing the things that made us successful in the first place". He writes about how people try to lose weight and that since they have high motivation at the start of the dieting regime because of their desire to look better and thinner they remain disciplined and as soon as they lose some weight (success) and start to fee good and receive positive feedback from other's they relax start putting on weight again because they become less disciplined. That is because they often stop doing what made them lose weight in the first place. So they go back to where they were.

We are all like eWave we have green peaks and red peaks. So often people find success because they were doing something right. And they were doing that right thing because they were highly motivated and as a result remained very disciplined. Now when they found a bit of success they relax a bit and lose discipline. Or they change something in order to make it even better.

So I asked you , would find a reason that would motivate you to stop trading the way you're trading, could it be one of these 1. 9% a month is not a good result and I should find another technique 2. I want to have more than 9% so lets include some more trades or entry techniques or change money management 3. Introduce some "even better" indicators to improve results 4. Stop trading because you have other ways of making 9% or more a month. 5. a variety of other reasons....

What I wanted to say was do not stop doing what made your success possible. Do not bring about a change. You're on the RIGHT path.


All the best my friend and have great weekend!

[moty]

Hi Immy

Thanks for the encouragement and support.
We both know that it is dangerous to do statistics based on a single month, so early to jump to conclusions or become happy.
Data problem as I see it, it's three trades responsible for 8% of the profit, that is 3% of trades, forming over 90% of the profit.
This distribution is not healthy, so I'm still looking for the way to improve the R/R ratio, Even if it comes on account reducing the number of trades taken.