Hello, if you’re new, read about my mission, strategy and risk management here. Otherwise, let’s crack on with the data 👇
⌚ 1 minute summary
Finally, the 🐻s are shorting the Dow:
Recap for the last 2 weeks:
Manual trading: +0.7Rs / +0.4%
Semi-automated (EA/bot): +1.5Rs / +0.9%
Details in the trading tracker 👇
🤼♀️ Execution VS Strategy
Semi-automated trading (EA/bot - 15m chart)
Another AMAZING week for the bot! This really gives me motivation to start looking into taking the EA to the next level, so I’m going to draft the changes and send some emails re development quotes.
As I said in my previous report, I have added the number of trades taken by the bot so that you can how this is not sustainable (for me) as I’m not able to check the charts that often on a daily basis, let alone at the right time, and let’s not forget how stressful it is to do that.
So if some of you are thinking “I could trade that often” then ask yourself: do you really want your time to depend on a chart? Cause if you’re trading for freedom than you’re going against your goal.
Live manual trading (simple 1:1RR strategy)
Do you know that feeling when you’re finally over a big hurdle and even tho you look forward to go back to other things your body and mind disagree? That’s me right now.
I thought I would restart right away 100% with manual trading but it looks like my mind and body need a bit of rest.
So after missing on some amazing trades I finally took one (terrible entry) trade before the market closed on Friday.
It was a winner that I closed early as I didn’t want to carry it over the weekend, it adds up but nothing to be proud of.
Forward-testing (Supply & Demand / higher timeframes)
No trades again. But this is really where I should spend my time as it’s the most sustainable and freedom-friendly way to trade.
The only reason why it’s not happening is that the 2 strategies above are things that need zero learning, since I’ve done a lot of work in the past and I can just execute.
Working on a new strategy takes more effort, cause I’m learning along the way and there’s a lot of thinking involved - not something I’ve got too much capacity for after fighting (little but nonetheless draining) battles with my strong-willed toddler all day 🤪.
All that said, it will happen.
📆 Weekly reflection
I feel like I’ve reflected quite a bit above ☝️ but to recap 👇:
time to take action re next version of the EA (more automation)
I still need to recharge before restarting to manually trade decently
main focus to shift to higher timeframes
That’s a wrap for now, have a great week.