Sonntag, 26. Oktober 2008

rule settings for my daytrading

After years of chasing success its now time to KISS.

1) The only direction to trade for now is the short side.
2) My first trade can never be before the first 15 minutes are in.
3) I stop trading 135 minutes later.
4) I´m going to trade 2 strategies.
5) There wont be more then 6 trades for each strategie.
6) I stop trading the respective strategie for the day when: i´m up or down 3R or i made 12 trades or when the last possible trading time is exceeded.
7) For every trade i make i create a log file including a chart and some details.
8) The amount behind 1R will be the same in each trade.
9) I trade the rules and going to make consistent money.

lets get the experiment started

Today i´ve created this blog for some specific reasons.

1st) i want to force me to play out the rules i set for my own trading.
2nd) i want to control my own tendencies to overtrade the market.
3rd) i also like to practice some written english to improve it a little.