I was scared to do this because if I’m not trying to trade like crazy, I’m a bit lost. But it’s time.
I read this post:
This is my manifesto:
This month of October will be different for me. I cannot say I will be more profitable at the end of this month. But I can say that I will be a better trader at the end of this month.
“Better” is vague. I will be a more patient trader. I want to reduce my S/R trades to 3 per day. That may seem like a lot, but my brain is operating on the idea that busier is better.
This is not part of a profitable strategy. It’s actually detrimental. And it’s also a waste of time.
Placing a number is more concrete than “trading less”.
This includes placing orders.
I posted earlier about a David Paul presentation. He mentioned the idea of waiting and taking only 3-4 trades per month. If I had just 5-8 losses, but 2 or 3 winning swing trades, that’s very good.
But this process won’t happen by itself. My plan is to pay more attention to swing trades, and less to S/R trades.
I still have to review all my charts, but I can probably delete the ones that don’t trend at all on the W1. No point trading RUB.
This whole morning routine will still take several hours because I’m looking thru so many charts, and taking notes of what to watch.
But perhaps keeping that list will leep me from reviewing all the charts; instead I can just review that week’s pickings.