December 26 (Mon): Nikkei 225 (Free viewing item: This year's performance)
Good morning☀
Christmas? is over too, and we’re finally in year-end mode…
And we’re getting into New Year preparation mode, aren’t we?
Today the U.S. market is closed as well??
I’ve decided that my trades for this year are finished.
As for this year’s results, with the Nikkei 225 alone
Total acquired pips: about +12,000 pips
this year?
This year as wellThere were no stop-outs.
At the start this year I thought I might earn around 20,000 pips for the year because I had about 6,000 pips in the first three months, so I was hopeful, but…
In the end, it turned out the same as in previous years, lol
Since there are periods like summer holidays when I don’t trade due to family time, I guess this is about right?
Do you regularly review your annual performance?
・Where did things go wrong?
・What points lowered your annual profitability?
➥ ① What is the ratio of average profit to average loss?
② Were a few large losses wiping out profits? (Losses large, gains small)
③ Is your win rate incredibly poor?
④ Is it turning into gambling? etc…
・Did you break your own rules?
・Did you get carried away and do revenge trading?
・Were there trades that you thought were good?
➥ Can you present that to novices as an example of this kind of trade?
・Did you trade in line with the scenario you envisioned?
・Even by chance, was there a trade that captured from head to tail?
➥ How did you conclude that led to being able to trade from head to tail?
The above are just examples, but these kinds ofpersonal comprehensive reviews of your trading should be done at year-end and New Year’s with absolute commitment.
Whether you do this or not will greatly affect your future trading performance.
And finallylet’s set clear goals for next year.
When setting goals, it’s good to set ones that won’t decrease.
・Batting average target
・Stolen base success rate target
than trying to chase rising and falling metrics,
・Number of hits
・Number of home runs
・Number of steals
A non-decreasing goal setting is more motivating to maintain.
If it decreases, you can’t help thinking
“Oh no, it might be impossible to recover…”
and you end up thinking that,
in investingthe idea of “recouping losses” is not good
In terms of investing, rather than setting win rate or pips,
・Make good trades a certain number of times
・Always execute the originally set stop loss
・Absolutely adhere to your own rules
and try setting non-decreasing goals.
Lastly, a highly recommended practice is
“Always keep a daily trading notebook.”
I used to write daily notes, performance, and study items in a currency notebook.
I’m not saying you must use this, but it’s interesting, so I used it.
(Note: I’m not using it now? Sorry?♂️?)
Using a notebook like this could make it interesting to reflect on years past day by day, right?
(Note: the following environment-aware content is reserved for members only.)