Hey guys! I havent posted here in awhile. Ive been working on my trading strategy along with these combines.
I really like the combine as a tool to measure where you are trade wise. The first combine I attempted I switched strategies every two minutes and kind of just went for it. Not a great idea but I learned a lot looking through the market with different views.
I learned I only need trend and levels for what I am trying to achieve ,I also learned that I have a very self destructive psychology, I am doing my best to correct this issue but it is a big problem of mine.
During the first combine I had one bad losing day and it soured my mood the rest of the combine, so much so I didnt care when I was trading, I had already given up and truthfully I was much closer to my goal than I thought.
The last few trades I wrecked my account.
Now comes combine two. (This Month)
I tried coming up with my own strategy that involved EMAs and Renko bars that was based on breakouts. It worked decent.
The first 5 days I did wonderful. Then days 6 and 7 did not go accordingly. Day 6 I had a doctor's appointment that cut into my trade time so I rushed the trade, ended up taking trades that didnt meet my rules. After that first losing trade I then took another hoping it would dig me out of the hole it didnt.
The day after that I had a losing day, followed my rules but a losing trade.
As I continue forward Ive simplified my strategy and am comfortable not taking trades if none exist. My goal is to have a positive account at the end of the month,
I might post some video logs and snapshots of my trades but at the same time these types of journals tend to put more pressure on me than I like, we will see how this works.
Takeaways
-Trading is a personal endeavor, you have to trade what fits you.