ForexSpirit

It’s been a bit of a weird week with regard to my trading.

The emotional ups and downs from last Friday till this Tuesday are probably the primary culprit. My focus never seemed to be in the zone.

With two trades under water going into Wednesday I took a step back and traded very defensively. I only ended up placing one trade that day, which came out okay. Otherwise I was just waiting for the market to break above 1.3000 and allow me to close out my trades at breakeven or with a little profit, or for it to break south and take out my stops.

Yesterday, Thursday, my daughter had a nasty virus and was all out of sorts. I was busy with trips to the doctor and helping take care of her. By the time I was able to check the charts for the first time in the later afternoon I had been put out of my misery as my two open trades had hit their stop losses.

Part of having my trading out of whack is that I guess I’ve realised that I’m not as comfortable with this trading method as I thought I was.

On the one hand I feel like I’m playing hot potato, jumping from one trading method to another. Never having the conviction and determination to stick at one for an inordinately long period of time.

On the other hand, I uncover flaws, generally in my own persona, that renders the trading method inoperable. In such cases, only by fixing the flaw is there ever going to be any hope of consistent success.

It’s time to step back and ponder on where I stand with this scalping method.

To help gain a new perspective on things I’m probably going to attempt a more structured scalping method that I’ve recently come across that might offer additional insights into where my strengths and weaknesses lie.