Does My Trading Differ From My Technical Analysis
Yes.
Sometimes I don't put my stops and exit orders in as I should. Sometimes I don't follow my own risk control rules. Sometimes I over trade. Sometimes I take profits too soon. Sometimes I put on too large of a position. Sometimes I hodl a position when I'm clearly wrong.
And every time I make one of these mistakes, I lose money - or don't make the money I could have...
This is why I emphasize that you should never trade something JUST because I am trading it - instead, I show you my simple system - and let you look over my shoulder to see what I am actually doing (good or bad)... so that you can make your own choices.
Here's a five minute video on why I don't like to give out trading signals - instead, I share my trading journal and teach how to trade with the correct risk control rules.
With Gratitude,
Doug
At least your honest about your mistakes! Not putting in stops and exits... we've all been there haha.
Back in June 2017 I had my largest earning month of my life - cashed out $70,000+ and lived on it for the rest of the year while trading. If I had left that in bitcoin it would have been over $500,000 by December. And worse, I was a huge bagholder in MAIDsafe coin and eventually took my biggest loss... a great study in hindsight but I sure don't like losing over 10k on one trade.
Even with my string of mistakes, I am way in the profits because the things I did correctly made me more money than my mistakes cost me.
Damn, nice work man.
We all have PHDs in hindsight!