Hello everyone,
A bit about me: I have been learning to trade full time for the past 18-24 months. I trade price action, clean charts, and try to keep things relatively simple.
I managed to develop a strategy that when back tested over 300 trades showed an average positive expectancy of 0.5R per trade. I struggled to execute it in real-time though.
After a string of losses or sometimes only a few, I become too self-critical and start to doubt my own judgement (even if the trades are good to take). This then leads me to starting to misperceive the market conditions and unknowingly start fading every trend I see and going against the flow.
I am now experimenting with something closer to a 1R/R setup that will hopefully keep that monkey in my brain calm with more frequent wins. So far, the backtesting is coming along well. I’m learning when, where and how I need to trade this setup in different conditions compared to my previous strategy/setup.
I trade CFD’s for XAUAUD, XAUUSD, JPN225 and AUS200.
Next week I am going to start posting my Daily Report Card on here each evening. I haven’t decided whether it will just be a breakdown and review of any forward testing I do or whether I will just paste the whole daily document including my thoughts during the day and other things that I’m working on. The purpose of this is so that I can get some feedback if I seem to be to going off track too much and just bounce ideas off of people.
I enjoy the work and the process of trading, but working alone does make it hard for me to judge whether I am making progress or just going in circles. I’m looking forward to speaking with other traders and hopefully being able to contribute to the community.
A bit about me: I have been learning to trade full time for the past 18-24 months. I trade price action, clean charts, and try to keep things relatively simple.
I managed to develop a strategy that when back tested over 300 trades showed an average positive expectancy of 0.5R per trade. I struggled to execute it in real-time though.
After a string of losses or sometimes only a few, I become too self-critical and start to doubt my own judgement (even if the trades are good to take). This then leads me to starting to misperceive the market conditions and unknowingly start fading every trend I see and going against the flow.
I am now experimenting with something closer to a 1R/R setup that will hopefully keep that monkey in my brain calm with more frequent wins. So far, the backtesting is coming along well. I’m learning when, where and how I need to trade this setup in different conditions compared to my previous strategy/setup.
I trade CFD’s for XAUAUD, XAUUSD, JPN225 and AUS200.
Next week I am going to start posting my Daily Report Card on here each evening. I haven’t decided whether it will just be a breakdown and review of any forward testing I do or whether I will just paste the whole daily document including my thoughts during the day and other things that I’m working on. The purpose of this is so that I can get some feedback if I seem to be to going off track too much and just bounce ideas off of people.
I enjoy the work and the process of trading, but working alone does make it hard for me to judge whether I am making progress or just going in circles. I’m looking forward to speaking with other traders and hopefully being able to contribute to the community.
