moty wrote:Daily:
Three trades today, 2W, 1L.
Total daily win=0.8%
Weekly:
13 trades, 4W (30%), 9L (70%}
Total weekly win=2.37%
Still wondering what I should do in order to improve the ratio between the successful trades and the losing trades.
First of all. Congratulations on another successful week. What matters is that total weekly gain is 2.37%. this great stuff. Yes, we always have to look for areas to improve but tha does not mean change the entire game. So first thing is this, we must continue stuff exactly as it is so that we don't stop doing the things that made success possible in the first place. this is amazing to know that you had only 30% winners and still you managed a 2.37% up week. This is the living proof that win lose ratio does not, i repeat does not at all matter. What matters is how you manage your winners and how big are they. You can have 80 even 85% losers and you will still make big winning weeks and months why? because losing does not matter as long as they are kept small. Cut the losers short quickly and let the winners run. You seem to be doing that. So well done on that. What is the reason behind Grant's success as he shared with us for a couple of years in his journal? he cut his losers quickly and lets his winner run at least around 1:2 and more.
I'll have a look at your journal, provided you have posted all the pictures of your trades there will be something I may be able to suggest. But if there is nothing that would mean you have been disciplined and carry on as it is as long as you keep getting 2-3% a week or 5-10% a month.
cheers
edit: i actually had a quick look through june and nothing seems wrong. lets carry on like this. if you post even 5% a month profit for 3 months in a row then we take you to the next level. enjoy the weekend mate
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