Trading the Bund – Weekly Trading Review – 18-22 January 2016

What one thing did I do best this week and how I did I do it?

Followed my trading plan, kept to my new stripped down rules. Though I need to work on my target placement on my hypo / swing trades. My management of the scalps is good, but the swings not so good. Still leaving money on the table.

What one thing did I do badly this week and what led me to do it?

On Friday, I was too aggressive with the entries, whilst the orders were part of my trading plan, I was early twice. This was partly due to I was only trading for half the day and I wanted to get a couple of trades in before finishing. And partly due to the accumulation of no fills over the whole week, and getting fed up and determined to get filled and end up being too early.

What specifically will I do next week to continue doing what I did best?

Upon entering my swing trades, the core position I will leave and not fiddle with the target based off what is happening on the LTF chart. Also see below.

What specifically will I do next week to improve what I did worst?

Keep following my plan and do not force trades if I am trading within a time limit. I have to accept that if there is no set ups then there is no trades. This is going to be a recurring situation over the next couple of months as I a couple of meetings a month booked in between now and the Vendee Globe start.

And on the second part, I need to accept that getting early is not a solution to my no fill situation.

How well did I achieve my “continue my best” goal last week and what do I need to do this week to continue/improve upon that progress?

Did well up to Friday. I need to keep focus on my rules and work to get filled on time not early. One tick difference is not problem.

How well did I achieve my “improve my worst” goal last week and what do I need to do this week to continue/improve upon that progress?

I added 1 tick to my levels (increase overall to 2 ticks in front of my level), did not make a difference to my fills. But one week of doing this is not any indication to whether this will make a difference.

Overall

I am too obsessed with getting in as close as I can to the level. Rather than miss the trade because it means that I getting in 1 or 2 ticks from my ideal entry then I have to take it, and on triggers where I am 5 ticks away from level and up to 13 ticks away from where I am wrong on my idea, I should still take the trade and reduce my size. My risk adverse nature is making myself too inflexible with my trade size and entry.

These problems are not going to be solved by themselves, there is no magic bullet. I am the only one that can change the outcome by changing what I am doing.

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