It has been a week since I’ve had the chance to post something. During this time I found myself in a different lie. I had a tough week and it brought my equity curve down though my moving averages. This changes the situation and puts me in a defensive mode for my trading this week. I can only play second chance shots until I get back in line.
The big question during this time is what happened? I see this happen every time that the market goes into a transitional type set up. The main problem with this is that if it doesn’t go down, but goes sideways instead, my transition plays just fail to play out. This is what cost me the down move in my equity curve.
A big part of trading is understanding when you are better off not trading.
I have just found the Trading Quotes blog – here is this:
To Each His Own
Virtually every successful trader I know ultimately ended up with a trading style suited to his personality.
Randy McKay
Here is an interesting view of some of the data the goverment feeds us, by Shadow Government Statistics
Still looking for my perfect trading journal I did come across a interesting one from some site called Woodies CCI Club. If you get to the main page you can download the excel file.
If any one has any other ideas for trading journals please feel free to email me at gmail.
