Yes, with my setup, if I want to enter a trade, 3 rules need to be met.
But today, because I was so confident after 2 winning trades. I broke the rule, but, but.
This is where the but comes, I have tested in the past, this rule can be flexible. Why? Easy, because I have seen a lot of win hit TP without that rule; therefore, this rule was placed into my "gray" area.
Here comes the rule.
It's called: "Retest"
As you can see, here are my rules. But, is it because I lost today's trade, I wanted to change? To tweak my setup?
Well, maybe, a little bit. But, that's the rule. So I need to stick to it. Now I have reduced my setup to only 1. I need to be a bit more precise.
Trading to me, now I realize it need to be systematic, I open the chart, I see my set up, it meets all my rules, I enter. That's what I need to do.
Not thinking, not doubting, not second guessing myself.
Ok, anyway, I did good this week. I came back stronger, reduced my thoughts.
Well come me to the bigger green week of me yet? No (as I checked), but this week I learned something new, something that I think will change my mindset.
That's to just focus on one thing, less. Why not choose the one with highest Win Rate, right?
That was what I did this week. And I will try this next month.
Wow, this is the end of the month also.
Let's see my result for the month.
This month, with a winrate of 63%, I managed to lose 2.3R. what the hell?
Yeah, that's what happen when you did not enter any fucking damn trade.
8 Winning trades that I did not enter = 16R more. I would have positive 14R this month instead of closing it in red.
Dang!
That's why the psychology is so important in trading, and that's why I focus on it so much. But no worry, let's see what will happen in July.