"The formula for success? It's pretty simple: double your losses. Do you think, that failure is the enemy of success. This is wrong…» (with) Thomas Watson, first president of IBM. Each trader has his own idea of defeat.. For some, defeat is a failure to achieve their goal.; for others - an indispensable attribute of achieving goals. Failure is not necessarily bad.. Losses motivate some traders to put in more effort and do everything they can to succeed.. However, regarding others, defeat can only do harm. The very essence of the competitive process is arranged as follows, that someone has to fail, and fear, what could it be you, quite common in trading. Under such pressure, good traders can start to doubt their decisions, trade only in perfect health, and suffer from negative deals. It only increases their chances of being defeated..
Friday opened with a gap down. And closed with growth. What is this? This is our old friend whiplash.
As you know, viplash is charged at closing prices. And I already wanted to do it before the closing of the Eurosession. But didn't. And then I was already a little upset to enter higher.
Maximum (minimum) about 1.355 if we go lower on monday — then viplash does not work. But if we go there, I will look for an opportunity to tarry (:
The day also drew a reversal candle — made a new low, but closed above the previous day's open.
Total: my pictures for the beginning of the end. well, I mean, it's time to adjust. I look at the buy. I think how to enter in a small volume and hold it longer (с недельку). I never did this. Even on demos. And then there is a chance.
Wrote-wrote a long-long post about the competition… Stsuko, the light was cut off at the most crucial moment. As it turned out the uninterruptible power supply does not hold nichrome already. Drove for new batteries, Changed. I'll try to repeat the feat.
well , I was congratulated on successful registration.
Fuck I need it? I have heard more than once, that contests are evil. In parts, ass sniffing, that there is some truth in this, but I can't explain. This competition is excellently enticing. The main thing is that it lasts only a day. The truth foolishly starts in 15:00 (by MSC) and continues until 15:00 next day, the height of the eurosession has already passed, and there is still a long way to open the states. Participate, I think there will be about a thousand people. The maximum program is of course the first place. Minimum - in the twenty. Otherwise - feil.
So here, these trading days should be exemplary. Actually, every day should be like this.
Finally I will try something, what have been thinking for a long time. I will keep it only for making deals, well, look at how many lots you can open, to support the lack of free funds. I deliberately want not to look at profit, interest, Items, bucks and all that. Буду искать только точки входа\выхода. I will do the analysis of charts in another terminal. most of the time sticking into my drawings, not in position.
Despite the fact that, that I will go on all the hundredths of the shoulders, risk (stop loss) in the worst case will not exceed 4%. According to the plan 2-3%. It is approximately 5-7 points (Total!) In the worst case, the anti-profit will be 30-40%. In ludshem I will do 800%+ (: well, At least 100% i have to draw! (to get into the top twenty you need at least +200%)
You can only chop the maximum by catching the movement and squeezing it out to the fullest. (IMHO). The main problem is distinguishing trend from noise.. In the noise, you must constantly turn back and forth, and not squeeze to the last.
Usually good engines come after a long time. Segeodnya, after an unsuccessful attempt to break through to the top (and the injection 50% phoebe) very active to the lower boundary of the channel. If we break through and touch from below, there is a chance for the continuation of the powerful movement., low updates etc. we can continue marking time.
Perhaps I will divide the depot into two parts. One to catch the movements and keep, another scalp. Xs damn…
Plowed like a horse all last week but this real sector. I didn't even look at the charts this week..
On the one hand it seems good, that I'm resting. On the other hand, the thought of sitting down to trade seems, that I haven't done it for so long, what nah forgotten how…
I looked at the chart today.
Upset of course. Pretty, smoothly and almost no rollbacks, . And without me.
Надо что-то менять.
Give money under management for a medium term. Normally, once a week it turns out to look at the markets. (:
PS. By the way, I burn out from great stress. All Saturday like an amoeba, ничего не хочется, I don't know what to start ):
Yesterday was a great day, with excellent capabilities. Statistically, repetition is unlikely today.
Morning starts with balance. We are waiting for a breakdown. At the top is the range 1.45-1.457. Внизу, most likely bumpiness around 1.4345, filling the hole.
, the whole week fell almost without recoil and the next (1.463) goal achieved.
The last leap to the goal, I slept safely. Woke up, here, to close markets on weekends.
In general, nothing has changed, I expect to continue driving until 1.44, but do not exclude.
By result, next week still looks bearish.
Results of the week
Added to last week's results 30.4% (60.33% to the initial deposit).
Dynamics by week is not bad.
not bad too.
If not for my madness, I would have saved my nerve cells. But the lesson is learned and thanks for that.
Thoughts
to me, like a lamer, it is worth paying a lot of attention to studying the patterns of losing money and losing a deposit. To be able to recognize and avoid them. And this is first of all. 'Cause if I salt the depot it's a game ova. Then I can't take any chance. Now I miss them, but there will be others and it is important, to keep me alive by this time.
I started to pay attention to the levels. Some strange feature of their "work".
It usually works according to the scenario breakout-test-continuation or breakout-test-return (in case of false breakdown).
And here is the current picture:
The level that has been stumbled more than five times cannot be unimportant.. Its breakdown can become a confident continuation of the movement.. I will watch and try not to flare if something happens…