Wednesday, May 7, 2008

2 Losing trades in a row

Well well

bad news for everybody.
i had 2 consecutive lost, which is both bad for my capital and confidence.
i was feeling i was back to earth.
just had a conversation with my friend that back to earth and back to lab is different. ya i agree its different haizzz must be losing my mind too liao.
anyway i did alot of back testing for my dk system, btu i realised that back testing might not be the best way to test a system. becoz i had seen with my own eyes that all my entry signal are all gone within 15 mins. and i lost Zzzzzzzz sad sad. i felt kana cheated and played out by the indicators. USDCHF, usdjpy and eurjpy can be voletile and play you out. only eurusd is more stable.
yup i know these 2 days market USD is going on a roller coaster ride, up and down up and down. serious mood swing. this would have caught many retail traders. i noticed many ppl get caught, but i cant allow myself to lose. even 2 losing trades i also cannot take it.... maybe there is not such thing as a good winning system that can allow me to "play cheat". maybe i got to change my trading mentality, many ppl change from scalping to longer term trader ... maybe i will go one big circle and go back to Clarence TNT. who knows? looks like tat way. but if i go back then i will be able to fully apreciate his system and believe it.
maybe they went thru what i am going thru now. but if this is a road that i need to take. then this is the road i am going to take. There are people that trust me and want to see me succeed, i cannot let them down and i must go on!
its a one way ticket to school of hardknocks and i will be a graduate!! i cannot allow myself to lose! back to the lab again tonight! wish me luck guys.