I just ordered a couple new books. However, I still have a few I’d like to read.
The next book I want to read is “a beginner’s guide to short-term trading”.
But I’m keeping in mind that I can’t go chasing strategies.
To be honest, I haven’t 100% mastered my current strategy. It could be faulty, but I don’t think I follow my rules enough to say if it works or not, or what new mistakes I’m making.
I’m still making impulsive trades on my phone. I gotta knock that off. I may just set up a rule of “no trading on the phone”, unless it’s 100% planned and I’m waiting for a specific signal.
Also, I may even just start staying away from the H4. I’m getting eaten alive in there. Nothing faster than the D1, maybe. I’m still figuring out which TF is best for me.
But, I think continuing to study is important. Part of me was feeling like, “I know everything I need to know. I just have to master it.”
In a forex documentary, an old school trader said “the worst losses come right after you think you know something.” So, that mixed with the advice of other forum members, I figured I should keep reading.
Plus, I’ve hit a real losing streak. So, I gotta expand my mind, do some analysis, and make some adjustments to how I execute my strategy.