Main account finished on the right side although I found UK ftse100 shares pretty difficult and they jerked me around a lot.
For the first time in over 30 years I managed to bust a play account and run it to £15 from £3500. I’m too embarassed to tell you about the awful trading involved . Suffice to say it was about obstinate insistence on the short side despite continuing evidence to the contrary
I was disciplined on my main account which is mechanically based - primarily 3+ bar retracements - applied with discretion
On the disaster of the play account I was fixated on a short scenario and kept seeing short opportunities that turned out not be so, coupled with a lot of indiscipline in taking losses. The moral is that you should trade what you see and not what you think and that you should not bend what you see to suit what you think.
I am thinking of starting a journal. My style is purely trend based trading and can be in winning trades for weeks and months. Wherelse losing trades no more then a few days. My main trading rule is "Cut your losses, ride your winners till the end of the trend".
Last year was quite difficult for me, as I was about to lose my deposit a few times. Luckily, everything turned out Ok and as a result I finished the year with a small profit. The main thing, though, was that I gained a good experience.
You need to be motivated all the time in order to gain profit on the Forex market. Experience and strategy is the key to success, which you will gain from learning materials, demo accounts, experienced traders, and yourself as well. What do you people think about it?