Monthly Review
Sepetember month is almost over only one trading session left. Now looking back over this month's performance, the month started with a negative note. I was getting prepared for this challenge from July onwards. When I started this public on Sept, I got negatively pressurized to perform and put return on board, which affected my performace in the 1st week with accuracy at 0%, all my trades failed.
Confidence was low for 2nd week, but managed to tackle my emotion and forced to work on trading procedures not giving much thoughts to the success and failure of the challenge. But clearly fear of more loss was in mind, and I was hesitating a lot during this period to pull the trigger, and sometimes I took few trades in the fear of missing out a move which obviously did not work.. The 2nd week ended with 40% win rate but still on a loss.
More work was done on emotion and changed my trade management to exit all positions at fixed 2R profit, which seemed to work and accuracy improved. Few trades moved much more even after my exit but I was happy for I was closing the day on green and my equity curve started rising. 3rd week accuracy turned 60%.
4th week, mind got affected again with a pressure of surpassing the performance of 3rd week, which affected my trading. Though accuracy was maintained I missed few good trades fearing that would affect my profit curve. Focus was claerly not on correct execution but more on what I am getting as a result..
The month is now closing at just 8% profit. 4 months left, and miles to go ahead..
Mantra for next month - "Karm kar le beta, Phal ki chinta mat kar"
>>> NEVER GIVE UP <<<