In this thread I'd like to focus on my way of thinking a.k.a my emotional wellbeing whilst trading. To do that I was encouraged to create a thread about the way I trade to promote discipline by allowing others to see, which in turn is supposed to stimulate self-control overtime.
So, I mostly take 5 min trades but every now and then I'll take an EOH (End of Hour) trade, because I've noted a lot of my lossers would be winners if I go with EOH mean reversion trades which is something I picked up from JustANoob and tweaked a bit to my liking. Originally I started off in the HH thread, as most do. I finished reading that thread and then took off with the information gathered there to accumulate my own screentime and make my own notes which developed into the way I trade today. I still have a way to go, but for now it's good enough for me.
At this point I've been trading for 1 year and a month. When I'd started, for 5 months I was looking for what we fondly call here "The Holy Grail", *Queue the Angel Choir*. I got fedup of looking for that perfect indicator combination and started thinking of learning price action, which has a cringey note among some members here haha. With that I started on the HH thread, took 3 months to read that with my other real life things getting in the way. After that I absorbed as many price action videos and articles I could find and made my own notes as I said. I started gainning traction at the end of the New Year challenge in about mid-April, and now we're here. The reason I believe I started gainning traction was because I started to journal all my trades and review them to see what silly mistakes I may have been making. Journaling is not a holy grail, but it definately propelled me forward.
And now I'm at this point where I'm still journaling and I'm going to be posting my trades, not for criticism of the trades themselves, but rather as a form of self-discipline for myself, as in the NY challenge that had given me some growth in discipline. Of course anyone is more than welcome to critique my trades.
So the point of this thread is to maintain self discipline, as well as share the way I trade, hopefully someone can get some knowledge from it and advance themselves forward as well. You'll see me add and remove several indicators on my charts, that's because I'm not trading the indicators, most times they're there because they look pretty...honestly. Other times I might take some input if it's agreeing with what I'm already thinking.
If I've not bored everyone to sleep already, I already took my 2-3 trades today (2 today) and will post it below. I will explain exactly why I took the trade, win or loss.
Side note to myself: I started live trading again June 13.