General:
This was the second month of live trading, I have learnt lots about trading and myself. I notice someday I can control FOMO better than others, I noticed being in the youtube live affected me and my judgement.
- Changes
- cut out youtube live
- smaller postion size like risking $5-$10
Stats:
From my monthly stats:
- Overtrading
- Im not playing the the best setups, but I questioned myself.. Do I truly know a setup?
- Improper risk management
- I am having more red days than green
- big red days
- I need to study to find consistency
Lessons:
Next Month Improvements:
Iam going to take a couple steps back I think i rushed into trading, and I think this is something that has great potential if taken seriously.
- Papertrading
- this will be the best way to get screen time and learn without blowing up my small account
- I want to be able to find consistency on many samples before testing it with real money
- I want to join a community, I dont think I should do this alone and I need a support team.
- Looking into MIC, there are a couple long strategies I want to learn
- Free resources are limited and I feel alone
- If I want to be trading profitably in 3-4 years it will be worth the investment now
Overall:
Overall, I need to find proper risk management, I need to be taught a stratgey, I need to be disciplined, I need to stay focus, I need to take this more seriously