Trading journal of a discretionary newbie trader

Tras, maybe a little insight into the new system?

Good to see the difference, like in the song ’ the only way is up’ :slight_smile:

Hi,

Well the strategy is still similar for the most. I try to find good entry points so I can put thigh stop and aim for bigger R:R

What I mainly improve are the entry points actually but I can’t really talk about it. It seems like more people will know about it and less it is actually gonna work. Also the entry system is not mine. I learn it from someone online. But again I can’t really talk about it as it would be against babypips rules.

It is something called/based on market times and other player psychology. Quite interesting actually.

Start week: 139.50

Profit: +20 (around 14%)

End week: 159.50

Nevertheless I made a good profit I am very disappointed from my trading, my ability to read the market and this week of trading.

Like when I was trying to stop smoking, my genius evil unconscious was always trying to find a new better way to make me smoke one more last cigarette (with the help of nicotine of course). I was getting easily angry, stressed or nervous for any silly thing. Take it, one more cigarette, you are too angry now, you will stop smoking another day. :wink:

Yes that is my greatest enemy my evil genius unconscious. He enjoys watching me suffer without hope, down on the ground under kilos of craps. And it always finds new great way to knock me down, somehow, somewhere. My greatest enemy!

No, no, this time no margin calls. :slight_smile: And this is a great result of course. This week I didn’t put myself in any danger and I was able to cut without big problems my losses short. This plus 14% profit is all the good for this week! Bravo’ Mon Ami’!

Yes good maybe, but I am still very disappointed. I read wrongly the market most of the time and when I read it right I always took the wrong trade or didn’t take the right one. Because unfortunately a part of me want me to lose and want to see me fail! Hard to believe but this is what all the losers have in common. A predisposition to destroyed oneself.

Bads of the week:

First I let a 10% profit goes because stupid greed. Then I ****ing missed the short on EUR/USD and I didn’t ****ing have the courage to jump in later on. During the week I tried several entries short on EUR/USD around 1.3780 but they didn’t work. 300 and more pips lost! This would have been a killer. I would have made 80%! Crap! And what disappointed me most is that I saw it coming and I looked for an entry most of the week. Last time the pair touched 1.3810 I just missed the entry for a nothing and from there on I have been waiting for a bounce that never came. I even started taking long positions hoping for the bounce and losing money! Not much fortunately. At least I didnt go for the margin call this time.

But still…there is a ****ing part inside me that want me to fail. No doubts about it!

That is my biggest enemy. My genius evil unconscious conspiring against me! (This time with the help of adrenaline and norepinephrine). I know you are there. I know you want to see me fail. I am here. I am fighting you. I will always fight you. Till the end. Any end. No matter what. I will never give up!

More:

I also took few trades out of the plan. Over trade a little bit. Sometime I think I am not here for the money but just for the emotion and to suffer.

But what the hell man? Are you a gonna be professional forex trader or just another forex junkie? Come on man, stand up and become what you are meant to be.

Bahhahahaha…sorry for the delirium fellows…to become a successful forex trader one must surpass himself and delirium could be one of the ways! Who knows! :wink: Mmm…this somehow reminded me of Frederich Wilhelm Nietzsche…mmm…Niectfisfu who? :slight_smile:

Trasimaco System | Myfxbook

Please keep in mind that my account will be pubblic only during the weekend.

Ciao! :wink:

Oh well, horrible start of the week. Just overtrading and chasing the market. I don’t know while from time to time I stop following my plans, start overtrading and trading in tilt.

Going down, down, down.

I will probably stop updating my journal as it doesn’t seem to be beneficial for my results and discipline.

I was hesitating to start a journal to help my discipline. I see you are saying it has the opposite effect. How come? Making your trading journal public, don’t you avoid taking shameful trades outside your system?

Keep a trading journal is good. Keeping an online one well I am not sure about it. At least it doesn’t work for me as it makes me force profits to show I am always right and profitable.

It doesn’t work for me. It doesn’t mean it doesn’t work for you.