Trading System Core
I am an EOD trader and I trade off the daily charts. I enter any PASR that I see fit as long as it goes along with my higher TF analysis.
I risk no more than 2% of my account on each trade. The max risk that my account will take at a time is 6%. I will increase or decrease my lot size according to the 1.5% money management rules.
I will have a trading session every morning for maximum of 30 minutes around EoD. Then I will f*** off and do some other stuff. On weekend I will spend as much time I need to make a watch list.
For the 30minutes, firstly I will go through all the trades that I am on to see if there is any action necessary to be taken. Then, I will only go through my watch list, then I will f*** off.
Paying less focus on whether trade is right or wrong. Is not a big deal to wrong. What’s a big deal is, exit early when you know is wrong, manage trade properly when the trade is right. Trade management IS WAY MORE IMPORTANT THAN ANY OTHER ACTION THAT I TAKE ON TRADING.
I will be consistent on the things that I am doing.
I f*** up trade management.
I am not doing things consistently lately.
My account should be 3% in profit by the time of 1st Feb 2019. I be consistent on doing trade related activities. Make the routine work.
- Master the trade management before thinking about learning PASR.
First time my trading journal last 3 days long. Let’s see how it will goes this time.
Here is the link to old trading plan