I have to admit I lost some focus last week. Mine looks similar to yours, but didn't totally blow up the account. I had a stint of two months where I was just breaking even. I lost patients the last two weeks and it took a nose dive. It's totally out of character for me. In fact is my stock portfolio actually looks decent. I think my main problems is still over trading in Forex. The plan is take this week off from trading and get my head straight among other things. Also do some review. ICT concepts that I have add to my tool box so far have been effective. What I really need to work on admitting to myself when I am wrong in my analysis. At this point I really need to flatten my positions and reassess instead of trying to prove myself right. It is not a good idea to try and call the ups and bottom of the market. The bank will just keep squeezing every body out until there no more stops to crush then the top or bottom forms. It is a little embarrassing for me to show this because I did so poorly the last two weeks.
Maybe being more open will help me stick to my trading plan which has actually been working if it had not been for me being stubborn taking two consecutive losses which should mean stop trading, reevaluate, and come back later for a better setup.
Strategy used: The main system I employ now is "The Inner Circle Trader's Millionaire Traders Guild" thread at day trading (The Inner Circle Trader's Millionaire Traders Guild).
I am still stuck around BE of my initial investment and in an 11.5% drawdown from my equity high. My second quarter dream was to keep the account alive which I managed, my third quarter dream is to turn a profit month after month. Lets see if it works out.
just started with a new method, which i would like to try. this is just demo and it will probably take some time before you can see some meaningful results, because this is quite long term. i also have a live account where i mainly trade ICT-style with some other support/resistance concepts, but i can't share it because i can't connect that broker account to myfxbook.
My main challenge is to stickt to the plan of trading less max of two trades in a day and to cut my losses early. Early part of last week was good until Friday when I suffered the effects of overtrading. Well i guess there is so much that needs to be mastered most importantly my emotions. Monitor me here and give me a good spank when i am going wayward.
is it possible to run different strategies on just one account? i know that you can let myfxbook show the results of different EA's, but is that also possible for different manual trading methods? any ideas?
When I go through the results of a lot of ICTs students, what I realize is the concepts work but we the traders give in to our emotions and lose our profits. I hope with more time on the markets we can learn to overcome our emotions.