【Trade Battle Weekly Report Week 3】～Big Loss Week Volume～【Dentist Trader Nobushi vs Calligrapher Trader Tomoaki Kuramoto's Trade Battle】
Waking up in the morning
“I have to trade!”
But it turned out to be Sunday.
This is Tomoaki Kuramoto m(_ _)m
Since the trading battle began
I’ve been overwhelmed by the pressure to “achieve results in trading!”
(´ω`；)笑 The pressure indeed distorts calm judgment.
This week's trading, I ended up messing up quite badly.
It was a massive loss. (×_×;)
A爆損, you know.笑
Here is the problematic trading history.
Just from this, the total−78,657 yenlosses. (ó﹏ò。)
The amount is huge, but the win rate is also enormous.笑
(Since I split entries, when the added positions are stopped out, the number of losses looks bigger.)
But sometimes you have periods where you lose a lot.
No matter what kind of trader you are, there are periods when you win easily and periods when you lose easily.
By the way, during a period when you’re likely to lose, the basic thing is to take a break from trading.
This time, it can be considered a period where I’m prone to losing,
but
blaming the market won’t help me grow,
so I did thorough self-analysis.
The biggest cause of failure was
overestimating myself and
getting carried away and trading,
which caused me to trade outside my own rules without realizing it.
I was trading on a short-term chart but suddenly started trading on a longer-term chart
and, worse, it got stopped out,
resulting in a large loss.
“It shouldn’t reach this level.”
I placed a stop at a price and felt safe
but I got stopped out anyway.
Completely
overconfidence and mind’s carelessness, indeed.
All of that cohered into a concentrated period of poor decisions (;^_^A
If you let yourself get carried away with trading
the market gods
will say, “Don’t get cocky!”
and you’ll get stopped out.
After all,I am just a human too.
You cannot oppose the market’s immense power,
and underestimating the market will hurt you.
Whether or not there is a market deity doesn’t matter;
if you aren’t making profits, something is wrong.
So it’s important to look at yourself honestly and reanalyze..
In fact, I did reflect and reanalyze!
What was my trading like?
What patterns did I excel at?
What are my strengths?
What should I do?
After asking myself these questions,
it turned out that
the ironclad entry patterns I’ve had success with
were the ones to wait for and trade inhere.
So I waited for them and then traded.
My strong patterns, the ironclad entry patterns, are
these
・After a line break, a support/resistance flip line rebounds to follow the trend ・Breakout false breakout to trend reversal following the trend ・Trend reversal false breakout to follow the trend ・Rapid rise/fall trend following
By the way, this order is arranged by frequency of occurrence.
The most favorable is rapid rise and fall, of course!
Again, I’ll review my trading style
regain my focus,
and when I wait for the pattern
the ironclad pattern came immediately.笑
Indeed, periods when you win easily and periods when you win less often alternate cyclically!
So,
I managed to recover properly!!
GBP/USD is
・After a line break, a support/resistance flip line rebounds to follow the trend
pattern.
USD/JPY is
・Rapid rise/fall trend following
pattern.
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This pattern was introduced at the Panrolling Seminar on February 16.
If you understand the parameters for Bollinger Bands and how to judge their shape,
you can tell at a glance whether the trend will extend after a sudden drop or not.
This is a chart analysis method that makes it clear at a glance.
I can’t publish all the details for free,
but there’s a possibility that it will be released as paid content in the future!
So, if you’re interested, please wait for the content release.
So,
with these two ironclad patterns,
I was able to recover most of the losses!
The remaining negative amounts were gradually recovered in subsequent trades
bit by bit ♪
And regarding this week’s total profit,
here it is
Trading count: I don’t know (;´・ω・) Pips earned: I don’t know (;´・ω・) Net result: 1,408 yen
So,
I apologize to those who had high expectations for me (;^_^A
As of now,
the profit since February 1st is
+52,107 yen.
If you think about it, until now I hadn’t really considered
my win rate percentage or
monthly profit percentage much.
If even 1 yen is positive, that month is a win,
and I know that chasing too much is the road to ruin,
so I haven’t focused on the results much.
That approach makes the trading go more smoothly,
and in fact monthly profits tend to rise.
As I wrote in the last weekly report,
trading with ample account balance
and an ample lot size is the best approach!
That will yield sufficient trading profits.
However, in a trading battle,
the important question is what monthly return is.
If you try to maximize monthly return and profits,
these kinds of things tend to happen frequently (´ω`；)
If you look only up, you’ll trip over your own feet (´・ω・｀)
This time I truly felt the difficulty of pursuing monthly returns in trading.
On the other hand,
the trading battle gave me a good opportunity to learn how to pursue monthly returns.
In other words, it’s a trial to surpass.
If I overcome this trial, I’ll be at a higher level as a trader, you see ♪
Indeed, daily discipline, daily practice.
In this ever-changing world,
how to adapt and survive?
I want to develop that ability.
Indicator born from Tomoaki-ryu investing techniques: Dragon-Gou gaze (Gairyoten)
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