Last day of the month.
I took one trade. It was not truly FMT trade, cause on 3 min chart price was about ATR.
After i entered, price reversed against me immediately. I was stopped out.
-0,86 % for the day.
-10,44% for the month.
Hard day. After strong uptrend day yesterday we had today only 65 pip range day.
So, i traded 2 FMT trades.
2 losses.
3 day of 4 trading days i have losses of this week.
But i have a confidence, i do not force my trades, i do not break my money management rules and trading rules.
I trade in zone. Sometimes i'm missing trades, but this week was a good trading week in term of executing my trading plan.
Total for the day: = -1,93%
Total for the week = -3,3%
Today i monitored market all day. Saw 1 FMT trade but passed it (as ADX on 3 min turned from level under 50). Second FMT i've missed.
So, no trades for today.
Today i finally have a winnig day.
First trade was loss. Second was winner. I closed it manually, but if i would stick to risk/reward 1:2, i will had big winner.
Market was in tight range of 60 pips.
I was sitting all day in front of my 4 monitors, a bit tired from this.
Today i made 1 trade according rules. It was losing trade. But i've played it well. I could get early entry, one bar before and bank 0,5R profit, but the entry bar was like doji, so i passed it.
Today i only trade FMT setups and look only for this setups.
So, i took one, but it was with some mistake (after trigger candle on 3 min closed, ADX on current candle went down.) So , my mentor explained me that this trade was wrong.
Also missed nice opportunity to but FMT at 17:45. (Closed price of trigger candle was at distance 11 pip from ATR, and i look for 3-8 candles, so passed it).
I hve some losing streak right now, but still i'm calm and ready to trade well next day.
Today i traded live only FMT setups.
Missed one good trade (but it was not 100% accurate , as ADX on 12 min was down).
My first trade was not so good, as isolated low was to small, but i took it (entered at bad price) and was stopped out.
My second trade was also FMT, but my ATR was below candle, and my mentor's ATR was above. And i didn't maange this trade well. (should close 1/2 at +1R and move stop loss to breakeven).
But i fell confident and now will be trade only FMT trades till i gain full consistency of it (30-60 days).
Result for the day = -2,1 %
Results for the week = -2,3%
Today i made 3 trades.
First trade was bad. I only want to trade something and took it, thinking that it is FMT trade. Stopped out. Second trade was RAZ setup. Made a bigger stop for 1,5% - stopped out.
Third trade was amazing. Closed half at 1R and second for 2,5 R. Total near 1,9 R. Then price rose as crazy. I thought if i would hold it i can make my first milestone and start with bigger account,. But i need master FMT trade. Master to high level.
Also i talked to my mentor in Skype. He told me simple think : stick to one setup, trade it stupidly and master it. Then you are ready to learn another stuff... Very positive conversation. Need to work on one setup.
Also i reinstalled my Ninja TRader. So now i'm fully prepared with right indicators to tomorrow FMT setups.
Today i missed good trade. Made one good trade on DEMO (RAZ setup) And also make a right FMT trade, but it closed as loss.
Then i went outdoor to run a bike, as a weather was sunny. Made 43 km in forests.
I took one loss, without any psychological pressure. I didn't scare to take this trade. So, i'm gaining more and more confidence in my daytrading, and it's good progress by now.
Today we had great trend day. I made one good trade on demo account. Then i have a lot of good chances to take a trade on real, but missed all of them.
So , flat for today.
Today i started the week without walking, but with cold water washing.
Made 3 trades, missed 2 runners. I need to hold concentration after winners.
Today i've started a day with a loss. Then had chance to cover it and make some money. But i violated my trade management rules, and closed position too early. Then price moved to my target.
Third trade was trade with mistake, as i didn't analyze ADX on 12 min TF well.
Today = - 1,83%
Week = + 0,36%
Today i trade very comfortable. Wait for the right setups. Made trades. Last trades was emotional trade, without good reasons to jump.
Also missed 2 trades today . Need to be more accurate. Today i feel confident. And have a good mood.
After blogging i will go to run a bike.
Today is most worse day in my challenge carrier.
I made a lot of Emo trades, and at the end of the day, when i loaded platform to fill my trading journal i saw some move on EUR and jumped in it. I averaged down..2 times. Then price came back and i closed at BE.
But in several minutes i pushed button and entered new trade. This time price went up sharply, i added one full position and one half. Then i had good moment to close it for minor loss of -2,5% but i waited..market went up. I was loosing nearly 100 pip. I went to sleep with open position, and made alarms on price. Alarm didn't triggered, so i took my laptop and monitor the chart. I was so exhausted, so emotionally tired and killed. I was frustrated, i told my self that it is possible end of my trading carrier if i couldn't manage risk properly.
Next day i woke up, checked price - no move at Asian night. Then price traveled south and i close 40% of my position with loss of 3,62 %. Then price went up again.. I was down 100 pips, i went to ride a bike.
Then i called my friend and he told me that price hit my TP. O...great. I had nearly - 25% !!! floating negative PL. It's more that i made for 2 months of live trading. I risked all, with no plan, with gambling approach and with the hot head...I was at tilt 2 days. I don't know where and when i would cut my position if price go against me significantly. So...theoretically i would have a margin call. It's painful to know this fact.
So i need have STRICT MONEY MANAGEMENT RULES:
1. Risk per trade - max 1% (till new year. Then it can be 2% per trade)
2. Risk per day = 2R, or 2% (tillNew year). If it is hit - stop trading and close your platform.. Don't try to recover losses this day!!!
And also i had put sell stop order by error at 5 October and didn't saw it. It was triggered and i catch on more loss for 0,92%.
I thank God, that he helped me to live this difficult day. I know it's bad to pray if you had bad postilion. But i ask good about discipline and never never violate my money management rules.
Today i made 5 trades.
3 at BE 1 profit 1 loss
Difficult day to trade. Market is in range.
Today was a slow day.
EUR gapped down on open.
Than we have moves here and there.
I didn't made any trades.
Here is chart with possible trades.
