I've been writing and writing, and I am not satisfied with any of it! So, I figured I would just jump in and post something. Not always the best way to get started, but I do find it tends to help. I often find myself doing something similar when trading. If I sense myself striving for that "perfect" beginning trade, I know that I need to make an adequate number of calculations and jump in. My trades are never going to be perfect, because even if I had all the time and information in the world, I believe that at the bottom of it there are probabilities--not certainties. Because of that, my perfect trade is not always a profitable trade, but rather a trade that nets me cash more than it loses me cash; and, since I have limited time, a trade that gives me a significantly larger chance of netting a profit than taking a loss.
As for articles, I have yet to fully understand that predicament.
PS: Made a couple of open and close 10-20pip trades in CADUSD, EURUSD, and AUDUSD. Also, took a nibble of some USDJPY. Looking to fund a futures account so I can get back into trading the ES and NQ (among other things), but haven't gotten around to it quite yet.
Do you collect stats on your trades?
ReplyDeleteHow much to go for the futures account? :)
I keep personal stats on my trades =) I want to keep this site focused more on trading in general and less on me (for privacy and to focus on developing ideas). But, I will definitely post entries and exits and comment on what made them work or not work, and I will try to get behind my reasoning (if I can find it, heh). I really want to build a better mental framework of the markets; that's my goal. My results are secondary, at least in relation to this site.
ReplyDeleteThe futures account will probably have to wait until Thanksgiving time. I still follow the major stock indexes, though! I love the interplay between currency, stocks, and bonds.
Okay good stuff :)
ReplyDelete