Trading-Mentality

I've been following Tori Trades' content for quite some time. Her trend line strategy and concepts have helped me think through ways to optimize my trend trading system. As with any trader that has garnered a following on social media, she also has her fair share of haters. 

I’m not going to do a full recap of the past week because my time in front of the charts was minimal. This was due to a combination of factors, including having other personal commitments and fewer signals across all the currency pairs I look at. However, I do want to cover a certain topic that is “mental capital” and highlight it in the trades that I did take.

Volatility died down over the past week due to the US Thanksgiving holiday. While there were movements, my overall observation of the price action was choppy.

This post will cover the past two weeks. While I did not get a chance to draft last week’s post, I did have a couple of notable trades. The past week was a bit rougher since the breakout signals did not yield desired results.

November started slow. There was a lack of US economic data releases due to the government shutdown. The release of October’s non-farm payroll numbers was planned for November 7th, but that did not happen. As a result, we did not see any choppy movements on Friday. That being said, my trade entries and management were consistent over the past week. I did not force any trades, and the signals were strong for the trades that I did enter.

The past week has been uneventful. I over-traded by entering trades based on price’s reaction away from EMAs rather than observing a confluence of price behaviors supporting the trend on the higher timeframe. I’ll need to reset, re-focus, and be very conscious of this in the future. 

The past week was probably one of the best weeks for me for quite some time. I felt like I finally got my groove back with consistent entries and trading the signals as they appeared. To keep emotions out of the equation, my exits were systematic through the use of trailing stop losses.