14th and 15th Wins: Polar Opposites

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.

Comments

12th Win Makes Three in a Row

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.

18th Win: Trust Your Analysis

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.

All In a Day’s Work: 6th and 7th Wins

Again, two wins (6th and 7th) within a day. Thank God for a trending market. I still have to get the hang of juggling a full time job with trading. My 7th win came via a trade made during a meeting. Apologies to my colleague who fortunately did not mind me excusing myself to answer an “urgent email,” had to catch that trade to get the required wins. I've been thinking on the possibilities that have been opened to me. So far, last week's ROI was 6.8%. This week, after only 2 days, my ROI is 6.1%. It boggles the mind! I'm so glad I joined SRDC. I wonder if it's time to quit my day job? ;)

Badly Browned and the Pips

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