Weekly Wrap up

Before I start writting about trading, I would like to let you know...I HATE SUMMER!!!!! I HATE SuMMER!!! I am baked in over 100 F or 40 degree Celsius for the whole week. And , the best situation is..I do not have air conditioner in my apartment.Well, ... I HATE SUMMER!!

Alright, let's get back to business. Another busy week for me. Trading front, I opened few trades from IHF(read: I-Hate-Forex) system, new sDT (read: Spot-Da-Trend) system. What is the main problem of the week? Trade management. I should admit that I felt lost looking at the positions. To make it worse, I started my mulitple entries method (i.e dividing the risk level, and getting into a trade in different point, tell you what, I just love this strategy). I have plans for everything, but, I was kind of over estimating myself. I was monitoring different systems, positions, figuring out position size, moving stops blah blah blah...etc. And making mistakes here and there. Everything was a mess. Messing up with my plans. See, with a plan is not enough.

Anyway, the solution is simple. Cutting down the number of trades next week. Now, it is not only about making good trades, I gotta make sure I am managing my trades well. This is a different skill set. Brothers, trading is really not only about entry and exit.

OK, in case you are interested to know, I am holding Long positions of NzDJPY, USDJPY, and Short position of EURCHF at the moment. I can see the bloody future of my NZDJPY position. :lol: Rally of Yen is killing my positions now. I will just need to bite the bullets now.

Btw, I thought Million dollar traders by BBC is pretty interesting. Check it out.