07/10/2020
Journal entry:
This journal is a record of trades i have taken. To limit the potential of losses recorded - my methodology stimulates that under no circumstances must any trades be taken, if the potential outcome can not be correctly identified and targeted.
It is simply not true in the ever expanding universe of the internet, that you will have loosing trades.
The reality is, NOT trading is a very big form of loss prevention, creation of good discipline and complete decimation of any potential losses I might incur when price action analysis is misunderstood and rushed into.
Trading is a game of patience and observation. When you become good and consistent, you will have very very small losses (only because you decided to exit a position as your analysis originally was incorrect and you have established very robust and concrete loss limits.) and If you practice observation and understanding of price action daily, you will come to realize that losses wont exist unless you are impacted by sudden breaking news ( which are out of your measured control).
This journal is simply that - this is not a journal to show off with, UNDER ANY CIRCUMSTANCES but rather a journal that can offer real and clear visibility on Patience is key to loss prevention which directly entitles you to profiting consistently with nothing in your way.
