So I thought I’d draw on some other skills to illustrate where I’m at with my trading at the moment…
The bit between your own ears is where psychology enters the frame and regardless of your technical competence in understanding what’s happening with a price on screen it’s even more important to have your mental/emotional approach sorted out…
Here’s another graphic which will make it clear where I’ve got to on the journey.
Section (B) is after having been exposed to Jimmy Young’s FX approach which is the best I’ve seen to date and is eminently trade-able. But clearly I’m still the issue 😉
At the moment I can place trades, they are good, low risk ideas but I just can’t seem to stay in them long enough as well as having challenges with accepting being off-side.
Still, it’s a huge improvement from section (A) and this is where a lot of people give up!
This week I was on the right side of two moves which if I had stayed in them should have got me >300pts but because the bit between my ears hasn’t actually had enough experience of dealing with being on the right side of a trade (this is very ironic) I made 2% of the potential from these decisions.
1) I made two good trading decisions
2) I am not losing my shirt consistently anymore (ok that one’s a bit thin)
3) The only way is up 😉
So hopefully this proves helpful for some and amusing for others.
More updates to follow over the weekend