Westsiiiide!
I know that I have been slacking the last couple of months with logging my trades on this blog, but it was a very exciting September.
It’s been a little over two and a half years since I started this site and the whole time I have just been treading water. I would get back to break even only to lose another big trade that would put me in the hole again.
Why did I keep doing that? There were several reasons.
First of all, I wasn’t concentrating hard enough on trading. I had too many other things going on and I didn’t take the necessary time to learn the craft. It takes time to backtest strategies and you have to put in the time at the screens to see how things work.
Since August, I have cut back all business related activities that do not relate to trading. I have also carried that over into my personal life and have reduced all expenses and non-essential commitments to a minimum. I only want to do things that I find extremely rewarding or will make me a better trader.
Secondly, I kept sticking to trading methods that didn’t work for me or were marginal from a probability standpoint. I felt that I should continue to trade them because there was just something that I wasn’t understanding and if I stuck with them long enough, they would work.
After awhile, I felt that maybe I should find some new strategies and at least keep my mind open to new ideas. Shortly after I made that decision, things started to fall into place.
The strategies that have been working for me only took me a couple of hours to learn. In fact I taught Zen Trading to my friend and he was able to start making money on the first night.
I finally feel like I am getting somewhere and all of my accounts are now profitable. It was weird, as soon as I learned the techniques, I had a gut feeling that they would suit me well.
Of course I have to post some numbers to back up this claim, but I am still working on my database and reporting system, so that may take some time.
Stay tuned for more detailed information. Hope you are doing well!
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