Users: Closing Basis - go with the flow: 161230 - EOY results.jpg

161230 - EOY results.jpg

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Closing Basis - go with the flowClosing Basis - go with the flow
I lost a little this year, but I would say it was a very successful return to trading. 
 
-I returned to journalling/tracking all of my trades, P&L, and various market and attitude statuses daily. 
-I identified some trading mistakes I was making, starting watching for them every day, and virtually eliminated them. 
-I started monitoring my psychological/emotional capital. 
-I clarified my rules for picking trades 
-I clarified my rules for determining oversold, neutral, and overbought. 
-I worked on my discipline and focused on process rather than making profits. 
-I have tweaked my journal for 2017 to be even more accurate to monitor myself 
 
I had three distinct periods of trade during the year. 
#1.A losing period where I was not monitoring myself or my trades and was subject to trading errors and pain avoidance that cost me trading capital. 
#2.A flat period when I started eliminating mistakes and clarifying my process. 
#3.A profiting period where the consistency of my process became a focus and risk control became my top priority. 
 
I highlighted two areas in blue where my pain counter was at a low level which tended to coincide with profiting periods. The only question is, did I have low pain because I was making money or was I making money because I had low pain and it wasn't interfering with my decisions? 12/30/16
Mr. WizardMr. Wizard
"The only question is, did I have low pain because I was making money or was I making money because I had low pain and it wasn't interfering with my decisions?" 
CB, when you mention pain, how do you calculate and report it? 12/30/16
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