Read your whole thread. It seems like you drink a lot. Do you think that affects your trading negatively or positively? Does your wife care or kids notice?
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Through time, have you found you’ve changed any other aspects of your strategy as well as the risk per trade? e.g. Are you favouring higher timeframe charts than you did at the start of your journal? Are you focusing more on BB reversion strategies etc.?
You obviously consider fundamentals more than your average trader. Are there particular resources you use in your analysis or do you make up your own mind from the calendar in the week ahead? Many thanks & keep up the good work!
@Bleemus_1 My wife knows and understands I drink a lot. When I met her I TAUGHT her how to drink, and we’d drink together quite frequently. Not anymore the past few years since she got pregnant and is still breastfeeding until now. The son is asleep when I leave the house around 9-11 pm here. I wake up after lunch anyway since Europe open is 3pm for me. It’s helped I would say, since it calms me down after several hours of my trades going against me. I get to spend time with her between 6-9 pm when I generally don’t take new trades since myfxbook shows me I make very little money during those hours, the money is made 3-6pm and 9-12pm mostly.
@JohnnieMac for funda I follow a lot of people on twitter. Chigirl, Samir Madani, Tanker Trackers for oil, Livesquawk Forexlive Forexflows Ransquawk for live updates on events, a few others. Tom Dante just for the LOLs mostly but he shares a lot of wisdom if you don’t mind his language. Read Dailyfx analysis on their website. Watch Pivot Boss videos on YouTube every night re ES NQ CL Gold. Watch The Market Huddle by Patrick Ceresna and Kevin Muir every weekend for market analysis of major events that happened during the prior week. Watch a lot of Chat With Traders as well. Investing.com for data releases and aggregated market news.
Have not changed much in how I trade, except to remove % risk per trade limits. Learning to listen to my gut instincts, and unlike before when I’m done with a trade I don’t reenter, now I try to trade the thing again when I get a pullback. I’ve always looked at the daily, 4H, 1H, 15m and 5m charts when trading. Oh, but I’ve learned to trust my funda more.
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I try not to trade anything else when I’m stuck, so I haven’t shorted Nasdaq. Also thinking about my past experiences, I tend to enter a day or two too early so I figured I’ll wait a day or two to short Nasdaq. Probably on Monday or Tuesday if I get out of DAX ok.
Hey.
I think you’re giving out too much personal information about yourself. Take it down a notch. I don’t think @Bleemus_1 was asking a question and expecting you to reveal personal details but rather was actually just making a point.
Hey.
Take a look at this other thread of mine link below. Could be useful for you.
Thanks for the insight Gilas. You are obviously on top of this approach with very frequent monitoring and updates I can’t hope to emulate your approach but I was wondering if you do any sort of weekly plan at the weekend when the markets are down even if you only follow it loosely through the week? Oh and keep up the drinking by the way - the liver is evil and should be punished whenever possible.
I used to go through a lot of charts over the weekend and go over the scheduled data releases for the coming week. Haven’t been doing that lately, maybe I should.
Did you see my post above and look at what I found for MT4???
Thought it may help having a line on the chart showing you where BE is when you have your five thousand lots open!!! LOL!!!
I’m still alive guys, have just been really sick the past several days. Doing somewhat better now but still not back at 100%. Just watching my DAX shorts.
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Made $3,400+ two weeks ago on $6,000 capital. Decided to bump things up to $8,000 last week…only to hit a slump and make much less per week. Really have to figure out what’s wrong. Maybe it’s just bad luck, or maybe it’s something else. Still, happy to have made some profit. 
All of this week’s profit was made on DAX. Left several positions in drawdown last Friday night and they went against me the whole week, had a lot of difficulty making any money. Still stuck in an oversized position short in DAX now at -$2,000+. Hope it gaps down on Monday. Several times this week I thought equities would go down but stalled. Kept me from trading other opportunities. Fingers crossed next week.
Have a great weekend guys!
Edit: My mistake. Seems like I made a bit of money yesterday shorting Nasdaq, forgot about that. But that’s it only two “trades” this week. Feels like a waste, although I know I should be grateful for the gains nonetheless.
buys a good dinner! Very well done, I doff my cap to you.
That’s certainly a good week!! Nice job!!
Monday it is then!! Another day another “K”!
KC
Thank you @frandlost and @Diabolo888. But guys seriously, it’s not been good. The past two weeks have been really bad. I was stuck in drawdown several times, $2,000, $3,000, $4,000, even $6,000. BAD PROCESS. I gotta get my act together.
I am still $2,000+ in drawdown right now in DAX. Things have got to change as soon as I get out of this trade.
I’m far from an expert but perhaps it might be worth doing an analysis on the losing trades why they were actually taken. I know that this sounds simplistic but when I’ve done it I’m scratching my head “what was I thinking?” This points to my need for a trade journal because I can’t remember anything anymore!!
It could help refine your strategy.
MHO, YMMV,
KC
I actually remember what went wrong. Just need time OUT of trades to rethink things. Stuck on DAX for a week now. But thanks for the suggestion.
Pretty sure you’ll be fine.
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I’m not too sure. But thanks.
mate, u can t sustain this for much longer with 2k drawdown(red. bleeding) on 6k account or so, it s 2 much and if it doesn t come back u r givin back most of ur progress, u need a way to cut losses faster imo
Don’t worry about it my friend. The context is with $3K I’ve made almost $17K in a little over two months. So I wouldn’t exactly call $2K drawdown bleeding. But yes there are some things I am thinking about doing to trade more efficiently.
Put another way, I’ve made almost $2K this week mostly from DAX. So if I lose $2K I’ll just be losing what I made this past week. Not exactly account ending but a setback nonetheless.