My journey to long term consistency

This is a discussion on My journey to long term consistency within the Trading Journals forums, part of the Reception category; Yes sometimes you need to lose some money for learning purposes. If you lost some amount on the Forex market ...

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Old Mar 20, 2018, 7:45pm   #616
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Joined Mar 2018
Yes sometimes you need to lose some money for learning purposes. If you lost some amount on the Forex market then ask yourself why did you lost? Take something positive out of that loss in order to change it with the upcoming success. Learn from mistakes is a better thing than trying nothing.
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Old Jun 27, 2018, 3:35pm   #617
Joined Aug 2015
DrSafari started this thread No I have not forgotten about trading. I was on an extremely busy project for work and had no time to trade whatsoever. Start of this year I have started working as an independent contractor (so with my own company) so I am earning about 3 times as much as I was before. This also brings me closer to my financial goals because Ill have more cash to invest with... which is exactly why I now felt comfortable putting my up until now saved money into long term investments, but this does not mean I am saying goodbye to day trading. My journey continues.

That being said, I was a bit in a negative state (end of last year) cause my successfully tested trading strategy didn't seem to work with real money.

Having watched the charts with weekly and daily candles however it became clear that market volatility was A LOT higher than during the 10 months I was testing my system. So my system only seems to work during low volatility periods. Key is to back off if volatility is too high and stop trading for a longer time if there is high volatility for a longer consecutive time.

Just concluded a successful trade using my system and price bounced right off the resistance level, the system certainly still has its value. For now I am going to abstain from logging my trades any further for the time being as I feel I unintentionally also use it to feed my ego.

From now on I'll be posting here more regularly and I'll be following the forum and the markets with a closer eye
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Old Jul 23, 2018, 7:43am   #618
Joined Nov 2008
I started trading in 2007. i was just school drop out and wanted to try my hands in market. In starting i made some money in base metals ( Copper, Zinc, Lead) . Profit gave me confidence and then started gold silver, Lost all my gains and now back to base metals. But couldnt make profit there either.

Then started learning technical analysis ... fast forwards till January 2018... Successfully trading .. In january 2018 almost after 10 years of my trading carrier... I started losing money
I thought these are general losses and my strategy is solid. Then february came and i had worst month of my trading life. Lost too much. So had to go to re-invent my 10 year old strategy.

I updated my charts and tweak my setup in march april may. June was solid month... made almost all money back... Now july is good too so far

Thanks ...
Always use stoploss

Last edited by activecommodity; Jul 23, 2018 at 7:52am.
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