Week Ending 12/--/16
✪Still making my trading decisions by comparing three timeframes.
✪Still only trading Short, by trying to gauge when Long Price Action has been Exhausted.
✪Still keeping a focus on when I am in Profit Accumulation mode [risk-averse], versus, Profit Risking mode [risk-tolerant]. (( This is to help me take the smaller, more reliable profits, when I haven't gathered enough OPM. So that I am not risking my own money to attempt for further away, less reliable profit targets. ))
✪Still focusing on adding a zero with 8 targets of 33.4%.
--yes, I DO realize that 10 targets of 25.9%, would be more in line with my position sizing...
✪Still focusing on a max weekly loss limit of -5%.
✪Still using an entry leverage of 3:1.
✪Still using a risk box of 20pips. At 3:1 entry leverage, this gives me 8 risk boxes per week. (( 20pips @ 3lev = 0.6% ))
✪Still focusing on a position sizing of: Entry, 1stDouble, 2ndDouble, 3rdDouble. (( which would bring me to 24:1 leverage ))
✪Still remembering that a picture-perfect entry off of the daily high doesn't mean that price will cross over the daily open.
✪Still remembering that a picture-perfect entry off of the weekly high doesn't mean that price will cross over the weekly open.
✪Still remembering that a picture-perfect add-in after a Pullback, doesn't mean that price cannot still Pullback again to my new Average.
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...in a world where it is impossible to erase ALL uncertainty, focusing on consistently being an 'OK' trader would allow 'okay' results to compound, so that in the end, I have the results that make me look like a Great trader....
Focus on being Average in the short-term, in order to Become AMAZING in the long-term.
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☞Accepting that I must put a greater focus on how much I can lose rather than how much I can gain. (thanks aliassmith)
☞...so that the things I know become the way that I naturally, instinctively operate while trading. And the things that I know are wrong, I need to stop 'making exceptions to the rule' that allow me to do them again and again.
**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!