I ve been telling myself that keeping tabs on my trade outcomes, by journaling each and every single one of them, will help me progress in the longrun. This week has been a struggle, a challenge, a lesson, but most importantly, a blessing. This week has shown me my potential, if i keep holding the disicipline the business itself requires. My weeks outcome is the following:
Monday: Win
Tuesday: Win
Wednesday: Loss
Thursday: Win
Friday: Win
Looking at the analysis i put on the 29th of January, i am proud and happy to say, that the market moved as anticipated, hitting both the $12580 and $12800 zones in the proces. I've capatilized on ech and every one of these moves this tims, not wasting the opportunities.
But in all fairness i should say that thursday was my most emotional trade day, eventhough a trader never trades with his emotions. Thursday i was blessed enough to capitalize on two trades that i took. I was astounded, that i thought i could take one more, instead of just calling it a day. Without recognising the change in the marketdynamics, i literally lost everything i made that day.
So there i stood with a choice. I either close up shop and trade Friday again, or we get the emotions under control and just apply what i know. Yes, i did choose for the secind alternative, and entered the market again, not to revengetrade, but to gain my ground. I wound up being the victor, and as we all know, "To the Victor goes the spoils". I closed my day total in a decent win.
This is not just a lesson to myself, but also a reminder that when i get what i was looking for out of the market, close up shop and do something else. And as i always say, be mindful of the changing market dynamic.
Just as a sideline, i also taught myself this year not to focus on the money we can make in trading, but to focus on the skill, and perfecting that. The money is just a added bonus, when you perfect and capitalize on the skill.
So looking at what the market is doing now, is that we were in a impulsive move, but the market hit a reaction zone or Sellerszone on the $12770, and if u dim it also down to the 15min chart, its obvious to see that the price is currently between two zones. So looking at the overall market structure on the 1D chart, i expect the market to continue downwards to $12100 zone, and then reverse and continue the overall bullish trend we see. There is one more alternative i see, but thats not likely to happen, based on the current market structure.
With all said and done, all i can do now is to wait for the premarket hours to open up, to acquire more data, but i will most definately trade with my rules this week, and not against them. I find it weird if a trader trades against his or hers own rules. As a trader i am happy with both a loss or a win. All that matters, is that we take the trade based on the rules we set out for ourselves.
So i will capitalize on this week, but will stay mindful of changing marketdynamics. I always say this, because the D chart will always show us where the market is anticipated to go, but the lower timeframes show u what the market is doing, as is.
Happy Trading📍
Monday: Win
Tuesday: Win
Wednesday: Loss
Thursday: Win
Friday: Win
Looking at the analysis i put on the 29th of January, i am proud and happy to say, that the market moved as anticipated, hitting both the $12580 and $12800 zones in the proces. I've capatilized on ech and every one of these moves this tims, not wasting the opportunities.
But in all fairness i should say that thursday was my most emotional trade day, eventhough a trader never trades with his emotions. Thursday i was blessed enough to capitalize on two trades that i took. I was astounded, that i thought i could take one more, instead of just calling it a day. Without recognising the change in the marketdynamics, i literally lost everything i made that day.
So there i stood with a choice. I either close up shop and trade Friday again, or we get the emotions under control and just apply what i know. Yes, i did choose for the secind alternative, and entered the market again, not to revengetrade, but to gain my ground. I wound up being the victor, and as we all know, "To the Victor goes the spoils". I closed my day total in a decent win.
This is not just a lesson to myself, but also a reminder that when i get what i was looking for out of the market, close up shop and do something else. And as i always say, be mindful of the changing market dynamic.
Just as a sideline, i also taught myself this year not to focus on the money we can make in trading, but to focus on the skill, and perfecting that. The money is just a added bonus, when you perfect and capitalize on the skill.
So looking at what the market is doing now, is that we were in a impulsive move, but the market hit a reaction zone or Sellerszone on the $12770, and if u dim it also down to the 15min chart, its obvious to see that the price is currently between two zones. So looking at the overall market structure on the 1D chart, i expect the market to continue downwards to $12100 zone, and then reverse and continue the overall bullish trend we see. There is one more alternative i see, but thats not likely to happen, based on the current market structure.
With all said and done, all i can do now is to wait for the premarket hours to open up, to acquire more data, but i will most definately trade with my rules this week, and not against them. I find it weird if a trader trades against his or hers own rules. As a trader i am happy with both a loss or a win. All that matters, is that we take the trade based on the rules we set out for ourselves.
So i will capitalize on this week, but will stay mindful of changing marketdynamics. I always say this, because the D chart will always show us where the market is anticipated to go, but the lower timeframes show u what the market is doing, as is.
Happy Trading📍
