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Old 03-22-2007, 05:14 AM
steveshutts steveshutts is offline
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Re: Dons trading journal GBP/USD

Don,
well done mate, that is the way to go. Make it as mechanical as you can and try and trade the same way all the time. It will free you from the emotional stress and as you say, you know that it will work for you if you monitor it over a series of trades.
I hope you have found your edge, the win/loss and risk/reward calculations are good. I have come to realise that unless you have balls of steel or have been institutionally trained or have been mentored then this is the way to go.
Trade like a casino, with no hope or fear placed on individual trades, knowing that your edge will play out over time.
The fact that you have created a system that allows you to either take profit of get stopped is great. There is no room for emotional torture as you decide whether to pull the trade or to let it run.
I will be keenly monitoring your progress, good luck mate.

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