Michal's Journal

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Michal
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Re: Michal's Journal

Unread post by Michal »

:) Hi to all

Since it's new month I decided to try from now on to stop trading when i achieve some nice results. It's not a fear because of a losing or giving profit but I think this will work for me especially when you got nice return why not to just close it and enjoy yourself. We will see how it goes with me but i will try do my best no to be to greedy :)

if only i didn't close Trade13 so early (rofl) oh man .... :)
But after checking '20 principle indicator' telling me it's all good. GREAT TOOL ! It gives your mind that feeling why to care about couple loosers if when you close your 20 trades most likely you be up :) but let's see. I will keep doing it and will be posting results.
Cheers !

Here's session from today :
Ny - from 1 pm -4pm
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Michal
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Re: Michal's Journal

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end of 2 campaign of 20 trades
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Michal
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Re: Michal's Journal

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and here is another begining campaign.

there might be some error in type of entry let's say instead of fruit s2 but i was doing it quickly so forgive me if there is any. ;)
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Michal
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Re: Michal's Journal

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After a long day... in my opinion a bit to long i guess.... but im fighting with it ;)

Again the more I sit when i profit I will most likely end up losing some ... :-q
Anyway das has end up good :) :-bd

I appologise i dont number all the trades and describe as i used to but simply i dont have that much time with day job, gym 5 days a week and now 20 campaign filling data. So im trying my best but every trade has got a time in excel sheet but it takes a bit more time....
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immy
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Re: Michal's Journal

Unread post by immy »

Doing fine but if you slow down a bit it would be better. You trade too many times.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

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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Michal
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Re: Michal's Journal

Unread post by Michal »

immy wrote:Doing fine but if you slow down a bit it would be better. You trade too many times.
what exactly do you mean by slowing down? as i did couple mistakes but all rest i assumed its a setup. so id like to be sure i understand so if you can advice me 'how to use a brakes' i will do so :)
im not to sure whether you mean my time on charts or number of trades.
its only thursday when i can do london session so tomorrow will be only ny and all the rest week days.whenever i can

thx Immy
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immy
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Re: Michal's Journal

Unread post by immy »

The 20 Trades Principle does mean you have to trade 20 trades every session. Trade the Fruit with BEST angle. Filter the rest. Trade the best S1 setups in the direction of hte trend fitler the rest. go for 2 - 3 campaigns that's all. And the main objective of the 20 trades exercise is to COUNT HOW MANY MISTAKES YOU MADE WITHIN THE LAST 20 TRADES. e.g. in this picture these two are mistakes.
mistak1.png
The next picture shows you were just looking for trades not setups. This is over trading as we discussed last night in someone else's journal. If you look at your three pictures, there is hardly a time when you were out of the market. One must assess the situation and then trade accordingly.
mistak2.png

So you count the 20 Group of Trades. and then market them Discipline or Mistake instead of winner or loser. A negative balance trade is a winner if you followed your rules. Read the 20 Rules Principle again. I just read it again myself. I love that piece.
You do not have the required permissions to view the files attached to this post.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

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! 🍌
Top
Michal
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Joined: 28 Aug 2012, 01:13
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Re: Michal's Journal

Unread post by Michal »

Immy what program do you use for editing pictures as i've noticed you got nice features there ? :) if its not a secret ...
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immy
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Re: Michal's Journal

Unread post by immy »

Hi

Its called Snagit by Techsmith. very good company. http://shop.techsmith.com/store/techsm/ ... .289200200
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

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! 🍌
Top
Michal
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Posts: 762
Joined: 28 Aug 2012, 01:13
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Re: Michal's Journal

Unread post by Michal »

Immy thx for the program and more over Thank you for all you doing for me, Us in this community!

Today's session was great after i took really hard to myself what Immy said about that i was overtrading I said to myself whats more ... I did write on piece of paper 8-} to filter trades and try to take less but better quality one :) I did have a feeling like I was over trading but it seems i repond different way when someone point this out to me.-Thx Immy ( i guess its because of the left part of brain! -damn (rofl) )
So I did take trades before news and later was just bored but happy as i managed not to fire my finger just until i was really happy with the setup :) And that was well paid to me. So really happy and with big smile on my face i can close my charts and start weekend ! Edit : haha im working tomorrow lol forgot
Thx Everyone and have a great weekend ! :-bd
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