Trade Overview 23rd August 2024

 

I felt quite uneasy after the most recent trade that I executed. Even though it did not go to the target, it was not a disaster as such. This time, as every other time, once I closed my position, the price immediately started to drift lower. As usual, I will take this as a fact in learning and be more prudent in the future.

During this trade, I almost lost control. The market pulled back a bit, I felt pressure, but I fielded my trading principles and stuck with the trade. It was a hard thing to do, but I did not act on feelings.

I know it gets only better from here. I honestly can say that Tom Hougaard's exercises are invaluable, and though I don't yet apply them in live trades, I am diligently practicing in my demo trades on Exness. These demo trades are a safe space for me to sharpen my skills and master the lessons I am learning.

Every mistake is an opportunity to learn. I have truly seen improvements in my approach, but then I realize this is still an area where I lag in terms of discipline. I am better than yesterday, and my trades are definitely better; yet, always room for more progress.

The key for trading success is to remember that a good trader loses small and wins big. Above all, this is what I need to etch into my trading ballet of strategy and become my lifelong commitment.

For more trading insights and strategies, check out Trader's Journal, my newsletter, and blog. Subscribe for weekly market recaps, technical analysis, and educational content to enhance your trading journey.