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, 8:45pm   #616
 
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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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