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Hello traders.
Over the past couple of months my long trades are overall profitable, but my short trades are bad and kill all the profit from my long trades. The total number of trades are 150 and 50 of them are short trades, but they have still killed all the profit and I have a small net loss.
Has anyone else experienced this? Maybe I am unable to read downwards charts?
Thank you.
Regards,
Andreas Gade
I kept going short expecting it to have double to, but the market kept swinging up.
I bet if I starts going long, everything will reverses.
Hi Andreas, have you studied Al's training materials on "Managing the Trade". It includes exiting at appropriate early exits. I think he also has a youtube video on it.
It is common to have an overall bullish bias when look at the market. Just look at all of the TV pundits and they are constantly talking about what stocks to buy, not what stocks to sell. When I am struggling, I will often look at an inverse chart to double-check my bias. Also, look at a lot of bear trend structures and practice thinking, about how would I sell and make money? It great that you realize your bias, therefor you can fix it.
Alright, I have a few things to work with now. I have a created a OneNote and put all my notes and prior work in there and integrated the excel journal (to log trades and comments) and powerpoint journal (to analyze every chart at the end of the day) into it so that everything is easily accessible. I will review my trades at the end of the every week. I have also opened an inverse chart in my software and are working on flowcharts to get an overview of how to process all the information I get everyday from the market.
Thank you all for your help and the excel template, MrCarpet.
