One thing that I completely forgot in this experiment (apart from sticking to the chosen strategy):
I didn't need to trade everyday, even though it is only one stock!
I need to trade only if there is a setup! During back testing there were many NO TRADE days!
And amusingly/alarmingly, this is how my strategy has changed:
Journaling is really revealing!
Finally understood Lance Beggs' statement: The greatest book on trading is your own trading journal.
I didn't need to trade everyday, even though it is only one stock!
I need to trade only if there is a setup! During back testing there were many NO TRADE days!
And amusingly/alarmingly, this is how my strategy has changed:
- 13-49 EMA Cross over and target end of day---- 0208
- Entered on breaking of low of 1st candle, instead of entering straight away as 13-49 was already bearish--0308
- Squared off when a huge buying volume appeared at 14:24 @ 1412.40, w/o waiting for cross over. It did'nt cross. Reentered @ 1411.05---- 0308 (Volume wasn't part of the strategy)
- Added Gann values- target and stop loss---- 0608
- Considered higher Time frame trend---0708
- I am changing my trading method to Heikin Ashi with the 13 EMA---0708
- Gann Hi-Lo with HeikinAshi looks even better than 13 EMA.---0708
- Heikin Ashi with 8EMA.---1008
- shifting to the 15 min or 60 min---1308
Journaling is really revealing!
Finally understood Lance Beggs' statement: The greatest book on trading is your own trading journal.
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