Traded real poorly today, missed out on an easy +300 this morning AT LEAST. Took a couple other trades for some profit and called it a day at 11AM. The more and more I trade the more and more I feel like I just want to get in, make some money and get out with that profit and call it a day. Two hour work days? I don't know, but i'm certainly working towards that. This is a intense occupation and it requires a lot of focus. Trading for 6 hours a day is doable but it isn't pleasant. So trading less is something I am considering. Not to mention I think 80% of the moves in the FX markets happen by 11AM CST and the 20% that remains into the afternoon is hit or miss most of the times. I like efficiency and if I can be more efficient by working less (and making more) then its a move for the better.
But what I wanted to talk about was that a lot of my poor performance this week hasn't been from bad trades - its been from not pulling the trigger. And a lot of that comes from being back live for the first time in a long time. Confidence isn't at its peak yet and so some of those entries just seem SCARY. The only way you get rid of that fear is by getting in on those trades and building confidence. So slowly but surely that's happening.
Even with my craptastic performance this week - here is the equity curve thus far. Pretty good direction I think! Up +9.6% so far this week.
Even with my craptastic performance this week - here is the equity curve thus far. Pretty good direction I think! Up +9.6% so far this week.
1 comment:
+9.6% is a great start! First few days back on the Live account are always shaky.
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