My first
blog post.
It been a
while that I want to create a blog so tonight I dive! The reason why I want to
make a blog is that I want to share my trading experience with other trader. I will
share some of my stuff here and if it help some traders who want to create
there trading technic with my idea I will be happy!
But the
main reason that I want to create this blog his to show people how to deal
their emotions involved in trading activities. So more often I will share my
emotion on trading. On the internet we can find a lot of stuff on trading. But no
one personally share their real story. So I will share mine here I will try to
do it has often has a can!
Let’s start
to share now!
At the end
of last January I face a long losing streak. It was so hard on me that I took
really hard emotionally I was deceived and doubtful of myself, of the market
and all the stuff that I done in trading you know the kind of stuff that made
me think to quit. I think often about quitting when it goes this bad, even if I
will never do it, its normal to thinking quitting this painful situation.
At first I put
the blame on Donald Trump presidential investiture but that was not the case… and I know
it.
In this
situation I decide to take a little break from real money trading. By doing
this I was able to review my stuff, see where it work and where it don’t work. This way I was able to strengthen my stuff
that was already good.
What I change
in my strategy…
At first I trade
using daily time frame chart it can work really well most of the time. During my
break I was able to see where I made a big mistake. It is something that my wife
shares with me while we talk about the world economic situation and the
situation of my account. She tells me something that light up something in my
head! I forgot to look at a bigger picture of the market by using a longer time
frame… it is something really important that I learn before and totally forgot
that even if I was on the good side on the daily time frame and be against the
market on the weekly! So when I back tested this I see that most of the time
during this losing streak when I engage myself on a bad trade on the daily time
frame it was because I was against the market on the weekly time frame.
What’s
coming next week?
Last Thursday
I return to the real money trading. I will get back on the market progressively
and I see a couple of good opportunity coming up. I will share those
opportunity on my Etoro
wall. I’m a little excited but not too
much has I want to keep my stuff rational! In my personal life my wife is about
to give birth to my third daughter.
The last word on this post is to learn from your mistake and you will get out stronger!
I hope you enjoy my first blog post,
and hope to have some feedback on it!
Miguel Bousquet
