Hi Emmaeaxh wrote: 10 Mar 2021, 10:02 Result: 8,5% AWESOME
DS score: 95% AWESOME
Batch 4.xlsx
Very incoherent evaluation but here it comes.
It took just over a month to complete this batch.
The result in both profits and discipline score makes me happy.I'm on the right track.
During this batch, I have had an ever-nagging worry about not doing the right thing.
My probabilistic thinking is in waves, like everything in life.
I have still been able to keep my fingers in check despite what my thoughts and concerns have said.
I've stuck to my rules and on the whole I'm very disciplined.
I have also noticed that the times I am unsure are under the conditions in the market that I have not yet encountered and may therefore not know how that particular situation stands in relation to my rules.
I have also noticed that the setups for which I have a good or neutral feeling are the ones that give the highest probability.
For the upcoming batch,
I will do my best trust myself more and listen to my gut feeling.
Why do I have it? Is here something I'm missing? And therefore…
- Only trade when I'm reasonably stable in my psyche.
I am the kind of person who is high and low, here and there, my brain is ALWAYS on high speed or not at all... and it is a constant challenge to filter out what makes sense in the moment.
But all in all this batch has given me the feeling that I am well on my way.
I have also found out that i love the pullback setups. It is less information to take in and still i am trading the same wave.
As much as i like the clarity that the setup 1 template gives for the setup 1, it is blurring for me when it comes to the pullbacksetups.
I will try this coming batch to trade on the lobot template and ewave. the wave will i use mainly to not trade when the m5 it too extended.
I will also update some rules, make them a little looser and stricter on the same time.
Will put more weight on how the market feels in mometum and volatility and less weight on the small details.
When i am not in a good mood to trade i find myself with a tunnel vision and not in a state where i can see the whole picture clear.
Wich resault in filtering some really good ones and taking shitty ones because they look soooo good.
One thing that have helped me when i feel confused is to remember why i am doing this.
The main reason is that i want freedom to do whatewer i want with my time.
Just read your review above. I am totally excited for you. You have put in hard work. And the result is right in front of you and us all.
HUGE congratulations. You deserve a treat.
I notice that you have only taken one DS0 trade and that happened to be the very first trade of the batch.
After that, you became the expert hunter. You watched your prey for hours and days. You stayed on the sidelines when you did not see it happening.
During all this batch you were in the chatroom. However quiet you are, your rather infrequent inputs are very valuable and to the point. (maybe a Scandinavian thing)
8.5% Growth?
You're on the way to becoming a Consistently Profitable Trader. Another batch like this and You're Stage 3.
I know that you have spent nearly a year in Stage 1 and then within 3 months, you're near Stage 3. All thanks to your hard work. In trading, hard work is only required during off-hours.
A few points I'd like to mention here.
A great idea that you have adapted the lobot template but you made it your own by deciding to keep the Wave indicator. And you chose to keep it not because "it felt good" not because of subjective unknown. But rather with a logical reason. You want to stay in tune with the waves. That is a great point. We don't want to trade pullbacks into extended waves. (the drawback of lobot method is the absence of this)
But I use lobot because I also have the following 3 rules that guide me.
They are explained more in detail elsewhere but as you know from our chatroom talks earlier. The 3 rules are
1. Range (or at CIP)
2. Breakout
3. 1st of 2nd Pullback
(3rd maybe too late but when its one of those days... then why not...)
For anyone else reading this reply, I will make a video on that in time and post it in my journal and relevant sections.
If you're using H2.0 Cherry , make sure you restrict max pips to 10 13 or 15 ... (I keep changing it but 13 is the best number. For Seed I keep it at 10. Always.
Settings attached.
