Good afternoon Journal.
Well Journal, I’ve been working away. On the specifics of my business. And this should be the last stop for it. Cause I’ve been wanting to explain, talk, maybe even brain storm my way through something else.
But, if I’m gonna be questioned on what I do, then looks like I got to go back to the beginning and make sure I’m doing what I should be doing.
Let me be clear, Journal. I don’t care what anyone thinks of how I trade. This is not going to be any kind of trying to fit it, belong, gain acceptance, prove myself sort of thing. Cause…if there’s one lesson in life that I’ve cherished more than any other lesson…it’s this. I DO NOT CARE WHAT OTHER PEOPLE THINK.
But, there’s nothing wrong with questioning “why do I do what I do?”
Let’s begin.
This is easy for me to lay out. Although I did have to go back and dust off my mind maps. Update them. But, my business is thoroughly explained through all of these. Therefore, I’m not gonna have to do a whole lot of typing. But of course, I will. Cause I want to talk about the important points that I want to.
From the top.
This is the WHY I do what I do.
And below it is just notes and points about it.
Oh…and I don’t see anything in there about money. Money is not the central idea behind my mission (like it is with most people). Neither is the condition of becoming successful.
Now. The whole nature of building something has inherent characteristics of becoming bigger. Better. Prosperous. And a lot of times, more money. But, it has nothing to do with why I’m doing this.
Moving on.
My thoughts from this year’s start.
This still takes a lot of effort. And what I mean about effort, is making the connection between simulation and real as close as possible. It’s like the same old story between demo and real trading. Is it possible to close the gap between the two? Well, I do. As long as it’s all down on paper. The numbers. The reasons behind the decisions. Like everything. And if not, then there will be a disconnect. It’s all about the proof on paper.
That’s nice.
Moving on.
Now before I go into my trading plan, I need to throw this out there. When I came across this from B.P’s, I thought this was way too good to not do anything about. Whoever is serious with their trading plan will spend some time honestly answering these questions.
I did.
Look. I’m not saying I have all the answers. In fact, I’m sure a lot of mine are off, but over time (all of my mind maps) get updated, revised, and corrected. This is probably why I’ll never be a teacher, of the market. I couldn’t tell someone that it’s done this way or that. Probably because I’m such a perfectionist. When I arrive at perfection, then I’ll have the confidence to teach. But that’s never gonna happen. So be it.
Well, looks like it’s time.
My trading strategy.
This is gonna take up a lot of space. But at least I’m not gonna have to type it all out. Here goes.
Here’s some of my thoughts of late. Because of my rehashing of all this stuff, I realize that I’m not an original. In fact, I’ve realized where a bunch of this stuff comes from. I surely didn’t reinvent the wheel. The closest thing I could take credit for is trading a complete currency. That’s mine and if I trade any differently, then I wouldn’t be true to myself.
In any case, for me, this is where it all started.
The Forex Portfolio - How to Gain Consistent Profits by Staying in the Market 24/7
Absolutely nothing has grabbed me more than this thread. This guy is a real genius. And what made it even more special was the fact that Clint joined in and (at the time) spoke highly of it and tried it. In any case, it was for me. And will always be.
Also, a while back, I was enthralled about a guy who was on Youtube. His approach was just letting his multiple, multiple trades just continually run. And you could see his account balance continually adjusting. He was more of a swing trader. Maybe even a little longer than that. But, I wasn’t gonna find out anything more about him cause I’m not going to buck up to join his club, in order to know exactly how he trades. But I got the point. And that’s to give your trades the time it needs to play out. That’s all I really needed. Plus it just goes deep. It’s like the missing link, to complete my trading.
Well, I’m starting to run out of time. End of day is soon approaching. I wanted to talk about some crucial points about my strategy. I’m just gonna have to leave something here to come back to.
Account balance.
Actually it’s up there under “trading rules” - Profit taking. I talk a little about that. It’s the difference between static account balance and dynamic account balance.
Maybe it’s all nonsense. We’ll see.
Got to run.
Will be back to do some more explaining.
Oh…I almost forgot about wanting to bring up another issue.
Another strategy.
Mike