My girlfriend just graduated from business school and I’m taking her to Venice for a little break until Monday. Hence earlier record report.
Overall an epic week. I made 30% this week only and am up almost exactly 80% net from the start at max 3-4% risk per trade.
Just so you know there were two things that have been holding me back. Firstly as you correctly diagnosed was lack of focus/ multitasking that had its root partly in overconfidence and lack of sense of urgency. I thought I can be a super trader while still doing my own extensive research on the web studying the world. Eliminating that shifted my focus onto fine tuning your methodology and got me to the second quirk.
2. I have been paying too much attention to lower time-frames such as 5 & 15 minutes and traded them almost exclusively which was leading to losses I couldn’t understand and small frustrations with patterns that although correct were not at the right levels, time and not always supported by higher time-frames such as 1h/4h++ – (might be useful for other students in the future)
I now label my charts with ABCD structures, am always prepared on weekly/Daily & use 4h +1 for locating a setup + 30/15 & 5 for exact entries. On top of that I take care of fundamental understanding of what’s happening & understand Daily economic calendar + help myself with overall Time of day structure.
Having fully gone through your training videos 2x I will say that they are all of equal value to a student. “Beauties & Beasts”, “AudUsd Killer Setups 4h” and now the “AudUsd 1h + Cars” made me really understand and feel it.
You’re a true genius and figured it all out incredibly well. I posted last entry from the record sheet publicly with full credit to your methodology and plan on doing so from time to time but now is the time for me to deliver results to myself. I am now utilizing compound interest model and approach the task aggressively but cautiously without crazy trade size increases.
Thank you for sharing your knowledge & skills. It’s an honor to be studying in your academy and you’ve been the best teacher I’ve ever come across so far. Hats down.
Wish you all the best of joy and health.