Friday, February 12, 2016

Mesa Trading Method Blog:Friday February 12, 2016

After the morning after, After the night before..

Getting my head back in the game. 

Today will be an abbreviated trading day. I am going to trade The MESA Trading Method during the London session only.

20 pip Goal reached.

My trading goal of 20 pips has been reached. I am done for the day. Here are the stats for the end of this trading week.   

Start of Week Balance: $983.31
Targeted Goal Balance:Not recorded
End of Week Balance: $961.06
Original Goal Date:11-11-2016
Ending Goal Date: 11-11-2016. ( I needed to remove all "Paychecks" from the calculations)
 

Self Analysis

Inconsistent trading practices, emotional trading. Trading The MESA Method flawlessly would have resulted in a positive week and more overall pips. Trader errors and emotions are to blame, not The MESA Trading Method. 

Game plan for Next Week

1. Follow the trading rules
2. stop trading when goals are reached.
3. Bring trades to a risk free state as soon as possible.
4. Do not trade beyond stated trading room times.
5. When I feel "the call of the wild", walk away from the trading desk to clear my head.




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