Recently I read an amazing book named, psycho cybernetics, by Maxwell Malts. A well known plastic surgeon and a great psychologist. The content just blew my mind and since than I have decided to be disciplined in trading, as one among the other decisions I made. I have decided to publish the journal of my trades on my site so I can read them in future and I become answerable to some extend.
So basically as part of discipline I decided to take only 2 trades, my first trade hit the SL and second one was winning. As soon as I was in 1 R:R profit, I trailed my sl and it got it. Market moved from 11670 to 11760 after that. I would have made higher, if I had not shifted my Sl. Or I would have lost all the profit and make another losing trade if market had moved against me.
it is very hard to deal with temptation to take more trades, but that’s where you start to get disciplined.
If I was right or wrong is debatable, But I definitely need to work on better exit strategy. Something that suits the line” cut your loses and let the winners run”
The important part for me was, with ease I was taking the trades. Even though I hit my SL in first trade, I was completely calm, focused on what market is doing rather than wasting energy on the loss and feeling the pain. It helped me recognize the entry as per my strategy and I re-entered the market to come out winner at the end.
being consistent winner is all I want, and I will become one.