[remymor]

good day today, excuted trading plan.

[HAL9000]

Today I was focused,

but I made one bad trade after another.
I traded on, its just a sim account.
I wanted to see my mistakes, I make more than one.

So its time for some homework.
Tomorrow I trade on.
Hopefully I figure out what goes wrong on these days,
its time to rewrite my plan.

[brownsfan019]

Hal - I don't know how you trade, but that seems like a lot of trading going on there. Maybe take a step back and try to find more optimal places to enter.

[HAL9000]

Brown,

thanks and you are right, this is one crucial point.

Another thing I realized today is, that I cannot wait for my "real" entry. So I enter too early, but especially at decision points of the market this leads to random results. So its not real trading, more guessing.
These entries together with too high targets lead in result to stops and BE's.

I will try to work on my entries first now.
Less entries, but clearly defined using limited orders.
Then stops, targets and money management.

Otherwise I will have good days and bad days,
but the bad ones will eat me alive.

Hal

[Tams]

Originally Posted by HAL9000 »

...but the bad ones will eat me alive.

the name of the game is "Staying Alive".

;-)

[HAL9000]

Originally Posted by Tams »

the name of the game is "Staying Alive".

;-)

LOL

Hi Tams,

yes your right.

And so far I have survived, I am still alive and kicking.

When I look at my cruel days in a positive way,
I think that whenever I recognize what I am actually doing wrong,
then I also know how to do it right.

Time will tell.

[brownsfan019]

Originally Posted by HAL9000 »

Brown,

thanks and you are right, this is one crucial point.

Another thing I realized today is, that I cannot wait for my "real" entry. So I enter too early, but especially at decision points of the market this leads to random results. So its not real trading, more guessing.
These entries together with too high targets lead in result to stops and BE's.

I will try to work on my entries first now.
Less entries, but clearly defined using limited orders.
Then stops, targets and money management.

Otherwise I will have good days and bad days,
but the bad ones will eat me alive.

Hal

I agree - get those entries better refined and then stops/profit targets will follow.

[HAL9000]

OK, my trades are done for today.

In hindsight I should have just entered my first trade and ...
but in hindsight I am able to show you wonderful trades on my charts.

Only that real trades are a different thing.
Its so easy to fool yourself and others with hindsight.

And now its time for my homework.

I will figure it out.