Badly Browned and the Pips

I’m beginning to trust my analysis. When I placed my trade for this 18th win, my analysis told me that the market will go down — it’s telling me to take a sell. So I did. And as the chart is wont to, it started to go the opposite direction, giving me the jitters. But, as my mentors and sub-mentors keep on repeating to me: “trust your analysis.” And so I did. Voila! Anxiety gone. I hope I can do the same when trading live.

Got my 16th and 17th of the required 21 wins for SRDC. Like my 14th win, my 17th win again tested my patience as the it came a day after I placed my trade. I am still adjusting to the schedule of being a trader while having a day job. The trick is to do the preliminaries: calculation, preparation of charts, action plan before the actual trade. This means allotting time for these and finding free slots in your daily schedule. It’s a learning experience. One thing I really have to learn is how not to keep on staring at the charts when I’ve placed a trade. This will make me more productive and be able to multi-task.

My 14th and 15th wins are a study in contrast. The former tested my patience to the limit as it finished several days after I placed my trade. In the time that elapsed, I began to entertain doubts about my analysis and felt bad about my decision. In the end, I took profit and I felt vindicated. In stark contrast, I placed my trade early morning of today and immediately took profit within the same hour. This got me thinking about my psychology and how I react to extreme scenarios of trading. At this point, I think I should feel neither doubt nor vindication and just trust in my analysis and the system with the understanding that there will be times that I will be wrong and that these are acceptable in the overall scheme of things.

I was fortunate enough to catch my 13th win which came early morning. Almost missed this one as I was preparing to leave for work. I’m beginning to get the hang of juggling the day job with trading. I just need to more experience to adjust my schedule accordingly. Of course, it helps to have a sub-mentor who’s beside you and can wake you up when there’s an opportunity to trade. Also of great help is the SRDC community who’s very supportive. To all of you: thank you so much!

It’s confirmed, I got 3 wins in one day. That’s 3 successful trades in just one day. And this is just by using basic skills I just learned from SRDC. So far, I am able to maintain a weekly ROI of about 6%, give or take. That is unbelievable! The goal now is not to be overly eager and to master the basic skills and hopefully acquire new techniques through experience and guidance from my sub-mentor, mentor and teachers.

I’m really happy for the two consecutive wins today. As our mentors, sub-mentors and instructors always emphasize: patience is key. I’m actually waiting for win number 12 so I might actually have three in a row today. SRDC is amazing!