Week Three

Well , we are through the 3 rd week and we doing very well. We have seen some of the toughest trading conditions and some of the trending setups too. All in all it was a very good learning experience so far we are up 1500 plus points. We missed some spectacular moves, we got out early in some trades, however our strategy is to keep it safe and simple and  not to be too greedy and in the process make some money. But  Discipline trumps everything . We will stay with the system no matter what gets thrown at us .  Let us keep going. I urge only those who are serious about trading to sign up. Just because this is free , do not sign up for the heck of it. If you want to make real money follow the instructions and take all the trades.

Today i committed a mental error during my trading session and missed a big move . We had over all a small losing day  between two trades . We lost 70 points on the GBP/USD

1st Trade L @ 1.4990  stopped out at 1.4965 Net loss  -50 pips

2nd trade S @ 1.4965  Net loss  -20 pips

Here  is a review of todays trades , Pls review the video here

However  we had a trigger to go long at 1.5065 but i was not focused enough  and lost a big move.  As it some times happens  complacency gets to us and today i was complacent. However today’s move up was relentless and 8 out of 10 times we would get a retracement after the trigger to let us get in  , too bad today was the exception .

I am noticing  that i have to fight this extra cautious approach i am adopting to  make sure all the fellow traders  trading along with me are protected. I will have to deal with that and  detach myself from that expectation and just focus on trading. I notice that i am somewhere inside my mind trying to focus on something that is not very productive or helpful because the market doesn’t care about me and my fellow traders. I have to adapt and i will

I will do a better job . I also want   my fellow traders to take this as a lesson   and realise how sometimes complacency and momentary lapse of concentration is enough to cause  a big loss  or is this case   missing a huge trading opportunity , otherwise today was supposed to be another 400 point day for the KISS trading system. Well,  lesson learnt and  tomorrow is a new day and will will have more opportunities , Let us move on