20150127
Long 1 YM 17322, +20
Long 1 TF 1185.9, -1.4
Long 3 TF 1185.2, 1185.4, 1185.6, +1.4, +1.0, +3.6
Total YM +20
Total TF +4.6
The most important element to your success as the Trader is consistency, not big days. Suffering through a long series of losing days in order to capitalize well and overcome those losers with a nice net profit might be good for the mind set of Larry Williams, but for most of us, a series of losing days is debilitating, to say the least. Thus as a behavior governor to a trade plan, 2 or 3 losing days in a row should have serious consequences. ...namely, it's time to go back to the simulator. Getting back your losses the very next day, however, is exactly what the Accountant wants of you. And he might be willing to take any amount of risks and stretch any number of entry models to suite an entry if it means that losses might be recovered from recent days. Instead, it is best just to regain some consistency. Be willing to quit early if necessary just in order to report a profit on a day after a losing day. Your losses are gone forever. You can't ever have that money back. But you might earn your way back into your positive equity curve by regaining a streak of consistently winning days. Put it in your Plan. Be the Plan.
