February 2010. results

-42 pips

-10 %

This are results with pip size that I started the month. After one trade a day experiment I decided to go back to my known way of trading. Sometimes averaging, sometimes adding to position with smaller size of the trades then before. When I think about bad results that are following me from end of last year, my conclusion is that everything would fall in it's place if I did cut size immediately.
Back then after few very good weeks I had one bad day where I lost discipline that I had. I didn't recover mentally since then. I continued to trade with larger size but without discipline and that was bad for my mental attitude. I didn't like swings in dollar terms against me and I didn't want to cut size because it would take longer to recover.

Now I'm trading with smaller size and more loose. It's natural and I shouldn't even try to enforce hard discipline with this size. When we go to bigger size again things will straighten, but first I need to trade my way to there.

Thursday

I'm not really rational today. Carrying loss over GBP news time. It seams that I only want to play today. Trading forex isn't right medium for that, or it is perfect but later I whine why I lose much.

+5 pips

Wednesday

Nothing much to say except that it would be better if I closed third trade in some kind of stop. Scalp short didn't work and I made of it some other kind of trade. Average wasn't blind at that spot but it was risky with getting two trades on. Drop came from eur/gbp strength.

+23 pips ( 11 old size)

Old style

Back to old style of trading with some letting losses run, some averaging, trading by the feel etc. At least I was profitable and scalping wasn't that bad. I stopped when I felt tired of concentrating.


+33 pips (16 old size)