-31 pips for 5-13-10 I'm a sucker lol
-31 pips
Again with the being lured into a side strategy or other features.
I've now gone back to reading my own rules that I've written; and I use to read these rules regularly each trading morning to force me to submit to my own rules.
And that strategy tested out quit well for 3 years when sticking with the rules
However, when things go wrong or you sustain losses this is where the complications and second guessing comes in.
WOW how hard headed can a guy get LOL
NOTE TO SELF:
Stick with the strategy that you know works and take your lumps and losses until it pays. Don't start playing around with other features or strategies until you have fully tested them in the demo again just like you did with the strategy your using now. Have faith in your testing; and your demo trading.
Remember back that there were losses but overall monthly it paid off.
Don't search for more accuracy unless you do it in the demo or on paper.
END NOTE:
I have other strategies that I have also tested that work too.
So what happens is that when the one appears to fail in a given month, then it would seem it becomes easy for me to try and bailout and go to a different strategy.
The secondary strategy does work on it's own and I have tested it too, however I end up not really fully switching to the secondary strategy I try to combine the two or three together which has not been tested at all.
And sometimes I try to combine features from several of my tested strategies which really doesn't work well at all.
Oh well back to the drawing board.
Hopefully I can pull myself out of the 200 pips losses I've sustained since trading live.
Typically my strategy does pay about 200-400 pips per month regularly, however my first live trading month sustained my first loses and it was live trading so it caused a snowball of doubt which caused me to change things in my second month which is the worst thing I could have done.
Anyhow -31 pips journalled for 5-13-10
BOO HOO I lost some pips, Oh well no big deal probably won't be the last time either.
Now lets see if I can just stick to my strategy or will I keep posting long novels and excuses about my stupid mistakes ?
This should be fun to watch, and yes I do amuse myself sometimes even if no one else enjoys these journals.
Back to the drawing board.