[Week 4] Serious Trade Battle!
Thank you for your hard work.
This is Nobushi.
Well, this week has come to an end as well, hasn’t it?
February is finally nearing its end, but have you achieved the goals you set at the start of the year?
For those who haven’t set goals in the first place, it’s not too late.
Clarify your goals for this year and move toward them every day!
By the way, speaking in terms of trading,
“Developing new indicators (for scalping)”
“Improving the accuracy of current indicators”
“Stabilize monthly profit at 30%”
are the goals I’m striving toward.
I’m忙しすぎて毎日忙しいですが、
if I don’t have trading goals, I don’t feel I can put in effort at all,
so I’ve set them with a relatively high level of difficulty on purpose.
It would be nice to achieve them within this year.
Now, the trading battle has entered its climax,
so let’s start by announcing the results!
【Profits and losses for this week only】
【This week only】
Number of trades: 11
Gained pips: about 69.7 pips
Total profit and loss: ¥54,916
Next, here are the profits and losses up to this point.
【Profits and losses up to this point】
+ ¥158,544
That’s how it stands.
First, regarding this week, honestly it was a week with some regrets.
Firstly, at the start of the week I cut a swing position without solid justification, just somewhat arbitrarily.
I had a sense that it might reverse, or
felt bad,
so I cut it.
As a result, after the cut, the position moved in the direction of the position I held.
This took quite a toll on my mental state,
and I committed two things I shouldn’t have done.
First,
① I traded based on gut feeling.
If you trade by gut feeling, you don’t need indicators.
Whether you win or lose, you follow the indicator’s signals to collect data,
and use it to improve next time, but…
this time I gained nothing from the loss cut.
It’s a huge waste.
There are people who quit after not seeing results from product purchases, but
how long did you test the rules as they are?
One or two months is not enough to gather data, so I recommend funding to be able to use the rules for at least three months!
If you do it for more than three months, you’ll understand the product’s strong and weak markets to some extent.
I think your results will stabilize.
Since you’ve obtained the product, it’s better to use it thoroughly before judging.
② You watched the price movement after the stop loss
After a stop loss, you don’t need to chase the currency’s movement every time.
If you’re attached to the stop loss, you’ll chase the price movement as in this case,
and end up thinking, “That was a waste…,”
which will also affect your next trade.
After a stop loss, you must switch gears and focus on the next battle.
Those two are the bad points from this week.
Now, the good points: first
・10 out of 11 entries were taken profit
This week’s movement was a range market, moving back and forth,
which is quite challenging for trend-following traders.
The euro especially moved indecisively, but I still managed to accumulate some profits occasionally, which I’d like to commend.
・After stop loss, switching and trading calmly
At the start of the week I suddenly made an odd closing, and my heart almost broke, but
I was able to switch properly within the same day.
As a result, I was able to recoup the amount of the stop loss promptly.
I think I’m gradually gaining better mental control.
・Even with limited time, I was able to narrow down entries
When I’m busy with my main job, I can barely grasp the market and tend to enter, but
this time I didn’t rush and firmly solidified my recognition before entering.
The win rate is high, and I hope to continue this in the coming week.
When it comes to grasping the market, I won’t overdo it; start by looking at the long time frame,
and determine whether the currency is in a downtrend, a range, in the daily units
on the time frame?
on the 15-minute chart?
and begin recognizing it.
At that time, on the daily chart, use a swing indicator to confirm the arrow direction,
and on the time frame, confirm the arrows for day trading.
If both are in the same direction, it’s easier to wait for a pullback and trade in line with the trend.
That wraps up a rough explanation of this week’s trading!
Regarding the entire duration of the trading battle,
29 entries
27 profit-taking
2 stop losses
The number of entries is small, but I think I’ve been able to maintain a steady win rate.
Well, when a stop loss is hit, you just cut it calmly.
Now, I’d like to answer a question that came up this week in this same space.
“I’ve used many products, but none seem to fit well. When choosing, what should I refer to?”
I see.
Choosing a product by criteria is quite difficult, isn’t it?
I also tried many products years ago, so I’ll share recommended criteria from my experience.
① If it’s a method, it should clearly specify the “stop loss point.”
A method that only indicates entry and take-profit points isn’t very useful.
It’s good if it clearly states a rough stop-loss point as a guide.
② It has a track record.
People often post profits on Twitter or blogs, but
be sure they also publish lot sizes and account balance.
If not published, you can ask directly.
Even if it’s a demo, if it’s consistently profitable over a long period, that’s good.
Profit from only taking profits can be faked in many ways.
Using these two criteria as filters will largely eliminate most products from consideration…
This doesn’t mean those products are bad, but
there isn’t much information sharing by those people.
Since many people are reluctant to disclose account balances or lot sizes to the general public,
it’s best to ask directly.
Some even stream real trades in video, which is highly trustworthy,
and I think information from such people is very reliable.
Honestly, in this trading battle, all information is disclosed openly and honestly,
so whether you win or lose, everything is out in the open.
It’s a good kind of pressure… haha
That level of transparency earns my respect for people in similar situations, such as Kuramoto-san,
and I think they’re a very reliable person for future information exchange.
With only one week left, I’ll stay focused and follow the rules to do my best, so
please continue to support me!!
Inquiries are also accepted via Twitter DMs and similar channels!
Nobushi’s Day Trading Indicator
