enoc_FX's Trading and Psychology Journal - futures io
futures io futures trading



enoc_FX's Trading and Psychology Journal


Discussion in Trading Journals

Updated by enocFX
    1. trending_up 649 views
    2. thumb_up 0 thanks given
    3. group 1 followers
    1. forum 2 replies
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

enoc_FX's Trading and Psychology Journal

(login for full post details)
  #1 (permalink)
Winter Springs Florida United States
 
 
Posts: 2 since Oct 2012
Thanks: 1 given, 0 received

Will use this journal here to put down the following - Lessons learned about trading, progress of live account, observations about the market, and analogies and paradigms for improving the mental aspect of my trading.

A little about me I only trade spot Forex GBPUSD and GBPJPY using breakout at specific time only 4 AM ET for GBPUSD and 2 PM for GBPJPY profit targets and stops are 1 to 1. I have been trading Forex since 2005 lost my initial stake of 5000 and have never been able to add that amount back in. Trading a smaller amount now but I have realized the following -


1. Since I didn't have a trading plan when I started everything I did was basically a mistake.
2. My ego had been conditioned to not accept losing at all, via schooling, parents, tests, the negative side of getting something wrong.
3. not valuing money just throwing money away not knowing how to budget myself.
4. Not sticking to the same system\plan during draw down, I can tell you how many times i have changed systems after 3 or 4 losers in a row repeating the cycle.
5. Without your mind right and ego in check there is no way you can mentally handle this game.

I have basically blocked out all noise now, and focused on my rules only i have noticed even following my rules how small inefficiencies and mistakes can throw me off dramatically you really need perfect execution. I always seem to make 1 or 2 mistakes even following my rules its really amazing how the mind works. My goal now is to perfect the process day in and day out and note the results. To keep my emotions and mind on an even keel despite what my PL is going through.

Will be doing some book studies and how they apply to trading first one I would like to tackle is Art of War.

This one describes very well having your mind right before stepping into the market.

“Victorious warriors win first and then go to war, while defeated warriors go to war first and then seek to win”
― Sun Tzu, The Art of War

Reply With Quote

Can you help answer these questions
from other members on futures io?
QDEL
Stocks and ETFs
Macros for flatten and reverse
TradeStation
Dollar crash in 2021
Currencies
Degiro Negative Balance Advice
Traders Hideout
Capping Size in Tradestation
TradeStation
 
Best Threads (Most Thanked)
in the last 7 days on futures io
VWAP for stock index futures trading?
41 thanks
Coronavirus COVID-19
20 thanks
Emini 4 Tick Scalp still valid?
16 thanks
Price Action Kewltech Style
15 thanks
Is back testing a waste of time?
13 thanks
 
(login for full post details)
  #3 (permalink)
Winter Springs Florida United States
 
 
Posts: 2 since Oct 2012
Thanks: 1 given, 0 received


Still short this pair from last week focus is on making no errors profit loss makes no difference. follow the process only. Target 85 pips 75 pips to BE.

Reply With Quote


futures io Trading Community Trading Journals > enoc_FX's Trading and Psychology Journal


November 4, 2012


Upcoming Webinars and Events
 

An Afternoon With futures io member TropicalTrader

Elite only
     



Copyright © 2020 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts