Hi Brenda
I am really pleased to see your charts. Reason being, you're doing it, and recording it. This suggests to me that you will learn very soon and you will stop making these mistakes. You will gain better understanding of the market and the setup. Gradually your intuition may improve as well and some how you'd come to your charts when there are good opportunities and walk away otherwise. You may be in tune with the market/universe by t hen and may enter the zone. in order to achieve that you would need patience and discipline. Remember we live a universe of inclusion, focus on what you WANT not what you Do-not want. Too much focus on negative trades may bring more of those to you so the best way forward is to imagine, visualise and repeat the good trades and ignore the bad ones. Like attracts like!
wish you good luck and may the pips be with you
Great Weekend to you and everyone else!
Brenda's Journal
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immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: Brenda's Journal
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
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brendab
- Posts: 39
- Joined: 03 Dec 2011, 01:39
- 13
Re: Brenda's Journal
Just happened to be at computer and saw this one. It's later than I normally take trades so went in with 1/2 my normal size. Of course...it's the one that works out, my luck this week! But it's still nice to end the week on a positive note :-bd
Trade #4: +11
Trade #4: +11
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Brenda
"There's no reason to have a Plan B because it distracts from Plan A." -Will Smith
Brenda
"There's no reason to have a Plan B because it distracts from Plan A." -Will Smith
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brendab
- Posts: 39
- Joined: 03 Dec 2011, 01:39
- 13
Re: Brenda's Journal
Thanks Immy, I will focus on the positive trades, GREAT advice!! ^:)^
___________________________________________________________________________________
Brenda
"There's no reason to have a Plan B because it distracts from Plan A." -Will Smith
Brenda
"There's no reason to have a Plan B because it distracts from Plan A." -Will Smith
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John Wimberley
- Free Member
- Posts: 92
- Joined: 11 Aug 2011, 15:04
- 14
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bhands
- AIMSter
- Posts: 27
- Joined: 03 Jan 2012, 20:14
- 13
Re: Brenda's Journal
Hi Brenda,
Curious thing that you posted your results of your winning trade right after Immy mentioned what kind of attention one should be thinking about…
Trading 1/2 of what I usually do is a great way of being indifferent to the trades outcome, one half of one percent is what I'll start out with and that position size should help keep the emotions in check.
Great journal very focused!!! And your quote from Will Smith says it all.
Bruce H
Curious thing that you posted your results of your winning trade right after Immy mentioned what kind of attention one should be thinking about…
Trading 1/2 of what I usually do is a great way of being indifferent to the trades outcome, one half of one percent is what I'll start out with and that position size should help keep the emotions in check.
Great journal very focused!!! And your quote from Will Smith says it all.
Bruce H
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brendab
- Posts: 39
- Joined: 03 Dec 2011, 01:39
- 13
Re: Brenda's Journal
Jan 31, 2012
Had a long talk with myself yesterday.
Decided I was way too emotional about losing trades. Today I dropped my position size from 1% to .5%. Thanks to Bruce H for the suggestion. Felt more relaxed. I definitely need to pick an exit strategy and stick with it. Hopefully dropping the position size will help me let the winners run!
Trade #1: +3
Trade #2: -6
Trade #3: +4 (could have gotten 40 more pips if waited for Blue Dot)
(
Total pips: +1 (1 pip at a time
)
Acct growth: too small to worry about calculating.
Had a long talk with myself yesterday.
Decided I was way too emotional about losing trades. Today I dropped my position size from 1% to .5%. Thanks to Bruce H for the suggestion. Felt more relaxed. I definitely need to pick an exit strategy and stick with it. Hopefully dropping the position size will help me let the winners run!Trade #1: +3
Trade #2: -6
Trade #3: +4 (could have gotten 40 more pips if waited for Blue Dot)
( Total pips: +1 (1 pip at a time
)Acct growth: too small to worry about calculating.
You do not have the required permissions to view the files attached to this post.
___________________________________________________________________________________
Brenda
"There's no reason to have a Plan B because it distracts from Plan A." -Will Smith
Brenda
"There's no reason to have a Plan B because it distracts from Plan A." -Will Smith
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Grant
- Posts: 943
- Joined: 14 Aug 2011, 14:52
- 14
Re: Brenda's Journal
Hi Brenda,
Nice to know i'm not alone in having chats to myself.... lol
many pips to you
Grant
Nice to know i'm not alone in having chats to myself.... lol
many pips to you
Grant
success = patience + discipline - greed
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jayvee
- AIMSter
- Posts: 67
- Joined: 25 Dec 2011, 06:59
- 13
Re: Brenda's Journal
Hi Brenda, great trading, I missed your last trade as I went to bed, unfortunately one has to sleep sometimes
John
John
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brendab
- Posts: 39
- Joined: 03 Dec 2011, 01:39
- 13
Re: Brenda's Journal
Feb 1, 2011
Only took one trade today. Didn't feel confidant about it because the US news had just come out and the big fast move right before it. But I took it any way. I'm still working on only taking trades that I feel really good about. I always feel like I will have regret if I don't take it and it moves really well but usually I'm full of regret cause it doesn't work out.
Trade #1: -7
Total pips: -7
Acct growth: -.2
Only took one trade today. Didn't feel confidant about it because the US news had just come out and the big fast move right before it. But I took it any way. I'm still working on only taking trades that I feel really good about. I always feel like I will have regret if I don't take it and it moves really well but usually I'm full of regret cause it doesn't work out.
Trade #1: -7
Total pips: -7
Acct growth: -.2
You do not have the required permissions to view the files attached to this post.
___________________________________________________________________________________
Brenda
"There's no reason to have a Plan B because it distracts from Plan A." -Will Smith
Brenda
"There's no reason to have a Plan B because it distracts from Plan A." -Will Smith
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msk185
- Free Member
- Posts: 390
- Joined: 22 Dec 2011, 11:22
- 13
Re: Brenda's Journal
Hi Brenda I had a rough day too (learning days I like to call them 
) suffering from taking less than perfect setups, so you are not alone.
I have last night resolved to only take setups that conform precisely to the rules of the flow chart and not add anything or ignore the odd little rule.
My daily mantra has been amended to incorporate this.
Keep going we will master this
Mike
) suffering from taking less than perfect setups, so you are not alone.I have last night resolved to only take setups that conform precisely to the rules of the flow chart and not add anything or ignore the odd little rule.
My daily mantra has been amended to incorporate this.
Keep going we will master this
Mike