Thank you so much for the feedback, I've decided not to focus on my entries/exits as this is not necessarily my focus at this point. I can pick good entries and sometimes (good exits). My goal as of lately has been to:
- make sure I can clearly follow the movement during the day -- what some people call to be "in the zone"
- be more disciplined with my stops (my account would've been huge right now had I been more disciplined)
- stick to one charting platform, settings and indicators (I'd prefer not to use any)
- get to know 1 or 2 instruments really well
The following is my annotated chart for last Friday where I show two of my entries... stops are not noted.
http://charts.dacharts.com/2007-03-16/sharp2be_4.png
Thank you for your feedback. I'd appreciate if you had any suggestions on how to become more disciplined regarding risking too much... I sometimes get excited and enter more contracts than I should.
Regards,
tHumble
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TradingHumble,
When conducting chart analysis, it is sometimes more effective to start with you’re trading strategy (signal, set-up, entry, stops, targets....) and validate each component to see the effectiveness and efficiency of how well the strategy was able to identify and successfully execute the necessary trading actions.
By trying this approach, you are then more able to know where to begin looking to focus on refining the strategy based on the components that are deteriorating or need to be adjusted according.
Some traders will be able to give you feedback and comments on your charts, but until you share the details of how you execute to enter and exit, the comments may not assist you in improving your trading plan or trading strategy. |
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