Tuesday, November 9, 2010

- 28 pips

What to do when you are fuming with anger about yesterday? Go against the trend. My max loss rule invoked, I probably wanted to try out that novelty.

Monday, November 8, 2010

- 60 pips

Carnage.
It wasn't bad at first but those two sudden losses at end of first chart flipped me real bad in negative and catch up game was unsuccessful. In truth from start all trades were kind of second quality at best.
So to cut long story short I was looking through my records after summer and came to conclusion, real one, to have max loss rule. Before I was averaging and couldn't really make clear math of what is better. But in last two and half months max loss rule would be a real winner. Math as it stands is 14 negative days -42 pips average total -594 pips, 21 positive days 16 pips average total 349 pips. Negative days with max loss of -25 pips implemented would have average of -21 pips and total of -294 pips. I need to add that I didn't count in small subtractions from account that I have on some positive days that I use as paying myself kind of deal that are profit also.
Also I checked would there be any changes with implemented max loss on profitable days and losing ones below max loss, no there would not. I even think that things would be even rosier without -104, -70, -67, -76, -45, -48 and -60 entering my world.
With this I didn't touch problem why when I recognize success in my mind like last week's +70 I have such brutal loss.




Thursday, November 4, 2010

+ 21 pips

I was shaken from first long by a 4 pip spike down so I didn't ride position today.

Wednesday, November 3, 2010

+ 7 pips

Today I was again practicing my waiting game and self talk with the chart can it go more up. I really like that new thing, something on the right side of good trading practice.

Tuesday, November 2, 2010

+ 21 pips

I had short in gbp/usd which run three times in support and didn't broke it. On fourth time I went long and it put me deep into loss. I managed to scalp back that loss in next two gbp/usd trades.
In eur/usd I was right about when to take trades and direction but I cut them short. At least at the last one I've done a good job. On that one I made an exercise in hoping for my profit to go up. I was saying: "Can you go to 65? Can you go to 70? Can you go to 80?" In that way I moved my attention from how much open profit I have and can I lose it. It's just a little difference but important one, and I want to practice it.