July 2011. results

-94 pips
-30%

Experimenting with rules

Maybe I'm simply not good enough at scalping. Today I traded inside borders that I decided in advance. Take profit was set at +6 pips. Even though for some trades it did good job it doesn't suit me so much. Reason why I put it in is because I was gunning only for big gains lately and making bunch of stops in between. Maybe whole my trading now isn't so realistic because of extra small size (feels like demo) and trading for entertainment value while having free time between meals and beach.
Every day I sit in optimistic with some changes implemented and result is poor. I must say that today I knew my limits were +- 20 pips (or so depending on last trade) and I don't feel that frustrated now like other days this week. I did in advance put in rules and everything was by the book.
-25 pips

Failed mission of catching up to feel good

I'm on vacation and it looks to me that I'm trying really hard to succeed in trading really quick so I can feel good about myself. I'm tying to catch up or just to have some success to have god feeling about it. Well it's not going that way. I see now that I shouldn't be trading at all because instead of good feelings I get more and more frustration.
Well it's fair enough to feel frustrated over trading and to feel it intensified after years of trading and nothing to show for it.
-52 pips


I'm frustrating myself

I refuse smaller profit and wait for bigger one, messing it all up in process. As more degrees of freedom I give to myself as worst outcome come out of it. I'm thinking that maybe I should go back to exercise I had with s/l -6 pips (as is now) and t/p fixed at +6 pips. Maybe with that I could still not miss out on runs by taking next trade after first is closed at tp. On situations where there are no runs of price but just small move I will bank on them without thinking what should I do.

-8 pips

Stress on vacation

-70 pips