Tuesday February 16, 2016

I Am A Blind Trader

One of these days, this account is going to be huge- really huge, and that means that I will need to take some fairly large cash risks. Now understand, I trade with a specific percentage amount of risk now, and that will not change, what will change is the actual dollar amount. I was looking at my spreadsheet, and there will come a day when I am risking  $5k on a trade. WHAT!? Yep. so how will I keep my emotions in check? I trade blind. I do that now. I do NOT look at the account balance, or what I am risking in cash. I have a trade manager that shows results in risk% and pips- not dollars, not cash, not money. This way, there is no emotional attachment. Trading like this works. It forces you to focus on execution, and not on money. You cannot trade emotionally, and money will bring out the emotions.

Trading Setups

Trade 1: Consolidation & Pattern #2

The market dropped like a lead weight. I IMMEDIATELY closed out my trade when my goal was met.

  I am done for the day. 

 

 

 

 

 

 

 

This is Day #3 without a net loss. 

 The MESA Trading Method is the only Trading System you will ever need.