as a part of a New Year's resolution I have decided to start my trading journal to feel accountable.
I am merely a beginner and my trading has been poor so far.
I haven't blown my account yet, since the Risk Management rules are something that I always kept but my live discretionary trading has negative expectancy in the long run no matter how hard I try.
The reasons are IMO psychological since I let my losers reach the SL, I am sometimes afraid to pull the trigger or cut my winners short:-)
I started with trading in early 2011 and in May after the backtesting and paper trading I dared to click live.
Only my monthly stop losses prevented the destruction of my trading account. Once reached i switched to sim and started next month live again.
I tried to walk the path of automation, but I haven't found a strategy that would be successful in a long run. Yet I am backtesting some new ideas still.
But I am not giving up the discretionary trading. I guess it needs some more practice so I am switching to the sim mode and I will post my setups here. The goal is to show consistency and posting the trades here will make the sim-trading more real.
Sim trading won't do the trick since I have not experienced so many psychological issues as in live trading. I guess i'll have to trade also with the real dollars (but very, very little... maybe something like M6E for the starters?).
Well, that's about the intro. I'll try to make at least one trade a day if there is a good setup. No more than 3 trades a day though.