My strategy is based around all the mental mistakes I have made through this trading experience .
Trading is not black and white , its grey . Everything is about balance , a thing one will learn over years.
Here is a rough (draft?) of my lessons learned . ( do remember the points made here are not black and white.)
1. Having one simple moving average with a method to buy above and sell below , has been one of the most profitable and most difficult tasks to master.
2. "Thinking" in the trading arena or outside of the trading arena , has cost me the most money.
3. Using time as a method for controlling mental garbage has proven to be the most effective for me . Balancing it made a dramatic increase in profits.
4. Having too many rules made me lose my trading instinct. Having no rules made me overthink everything .
5. Short trades and long trades are definitely not the same! Shorting environment and buying environment behave very different . Took me a long time to grasp that
From natures side im probably one of the worst traders . I tend to become very arrogant in my decision making , I overtrade alot and im insanely impatient.
So dont lose hope !
I will keep posts of statement/charts etc coming in the next week
THanks
Can you help answer these questions from other members on futures io?
Never get scared , stay very confident and humble.