Recovering From Heartbreak

Okay this is the story. I was up to 22 wins harvesting just about 120pips from the 4 previous trades when on one silly night I made an entry but it reversed!! Now after doing a lot of analysis on this I now know where I went wrong. Now since that loss its taken me a few days to recover from it. However, after some motivational pep talk from Stella, I'm now back in the game and have bounced back to 2 wins!!

Now for you readers who think there's something wrong with the system, there ISN'T!! The mistake came from me and no matter how hard it is to accept my loss, I just have to swallow my pride and take it like a man!! Haha

Score: 24 wins - 1 Loss

Getting over the Bubu

As I'm typing this, I'm currently in a trade - using Bubu! I've never been fully comfortable with Bubu, in fact my biggest loss to date has been on a delayed Bubu which reversed and only completed 5 days later. Ever since that loss, I've been extremely wary of Bubu. The recent newbie class, however, really helped my understanding of Bubu.

There was actually an activation of Bubu a few days ago, which I didn't take, because I didn't feel right about it. Despite the fact that there was also a 3Abd, I saw there were a few trendlines in the way and wasn't confident enough to take the trade. The Bubu actually completed a few hours later, but that's okay. Belum tah rezeki tu.

But this morning, I saw an activation of Bubu, combined with a break of SRDCI and 3Abd, with a potential of 80 pips! After checking that all conditions were favourable, I set my target for a modest 30 pips. And whaddya know! My trade just closed and I managed to harvest 30 pips. Alhamdulillah =D

This just goes to show that you won't be able to understand everything after one class. It's taken me 4 classes and numerous conversations with my submentors and fellow traders to be totally comfortable with Bubu. The forum has also been extremely useful as there have been a number of posts regarding Bubu lately. That's one of the things I love about our little trading community - you'll never know everything there is to know, but there is no shortage of traders who are generous with their guidance! No such thing as being karit with knowledge here!

So, that's another win in my pocket. Looking forward to many more!

Having The Right Mentality

I haven't been trading much since I started work which you can see from the posts. I've had probably 2 wins prior to todays win. Today saw me harvest only 30 pips based on a basic SRDC break. But hey, that doesn't mean I'm not grateful okay. At this moment in time, working on your discipline and also having a strong mind is just as essential as having the skills to trade.

While we're at that topic, I know a few guys who have gone gung ho and tried to enter trades without properly looking at the charts which eventually cost them dearly. It's a schoolboy error but I hope they learnt from their mistakes!! It goes to show that having the right mind set and also psychology is important.

Anyways, this win took my tally up to 18 wins now. Alhamdulillah. Hope there's many more wins to come.

Two Day Summary

Ok I'll make this short and sharp. I traded last night and entered using Basic SRDC = 15 pips and tonight I entered using the same technique = 20 pips. Harvesting 35 pips in two nights!! Not bad huh?? Now don't tell me you're not the slightest bit interested? ;-p

Score: 17 - 0

Nervy Opening

Mondays are always nervy days for me, why? Because I haven't been trading over the weekend!! It's not to say that I should force myself to trade or anything. It just means that I have to be extra cautious when entering a trade.

Now today saw me miss 2 previous entries, both Abdul Brothers. However, I did not miss the 3rd entry!! And I'm grateful for that because I harvested 30 pips from it. This was using a technique which was taught at the very basic level which makes my victory even sweeter. Alhamdulillah.

Ooooh just to share with you all, supaya biskita semua terseliur. Had I entered on the 1st entry, I could've harvested about 200+ pips!!! Now that would've made your day wouldn't it? :-p~~~