David's journal

[azadar]

big moves today but only got a BE and one rent. DS 2/2. No matter the outcome, I followed my plan so im happy.

2016-01-07_1320.png

[Tomi]

What does your trading plan say about what are you going to do when you find yourself breaking 1 rule? and what about if you break 2 and then 3? The only way to learn to be disciplined is to discipline yourself. E.g. I love coffee and if I make a mistake , there is no coffee for me today... ouch it hurts... if I make 2 mistakes i won't trade next 2 sessions, it hurts more than coffee, because I love trading....

That's excellent. I will start using that also: if I make a mistake, no coffee for Immy that day.

~o)

[immy]

yes thats a good idea. adding that to my plan right away. Thanks

I also noticed it helps to prime my mind to follow the rules prior to trading. This morning I kept repeating to myself that I will not break any rules. I was tempted a few times today but it was easier than usual to follow the plan and not break or bend any rules.

Yes, great idea. Basically the affirmation statements is nothing but simple verbal and mental reminder of what you want to do. But I'd like to add one more thing if you like.
Focus on the positives so instead of saying I Don't want to break any rules, I would rather focus on "Following my rules" so I'd stress on saying "I will follow my rules 100% of the time". I am Discipline, I am Rule follower. I am obedient. I love discipline. I love following my trading plan. Trading success depends on following your trading plan with 100% discipline... 100% means at least 18 out of 20 DS

cheers

[azadar]

Yep thats even better. Good stuff, thanks Immy

[azadar]

Friday didnt produce anything good result wise. I think I traded well enough but it just didnt work out. 5 Rents, 2 BE and 1 winner. Stopped after hitting daily SL at -3R.

Rough week sitting at -8.5R (but theres -4R that should have been avoided by being disciplined), hopefully next week setups will work better and discipline will be perfect.

2016-01-08_1606.png

[azadar]

Big movements but only one trade, a winner. DS 1/1

2016-01-11_1326.png

[azadar]

I have not updated this journal in a while. I read a post in another journal saying not enough of us update our journals so thought I could start sharing again.

What I trade: Fruits, box breaks and cherry.

Here are all the trades I took today.

2016-04-05_1425.png

[Dave]

"Every time I stick to my plan, I make money". I love that. We put so much time and effort and thought into creating a trading plan that to then not follow it would be doing yourself a great injustice. Write a plan and trade the shit out of it, nice one!

[azadar]

Yep, its that simple really.

2 weeks ago I looked at my stats because something was wrong. I added up the cost of all my mistakes for a week. It blew my mind just how much I was loosing week after week just by not following my plan. Since then, ive reduced the number of mistakes considerably and my account is going up. In the last 2 weeks there has not been a single day where I would have lost money had I followed my plan 100%.

So now my only focus is to trade according to my plan, day in and day out.

[azadar]

Trades for the night:

2016-04-06_2226.png

I really like how UJ moves during asian session. It gives really small entries and can create very large spikes for massive profits.