Hello everyone!
I have been trading for quite a few years. My trading style was not clearly defined as many of the members in this forum. I had not developed a distinctive style and neither had a desciplined and channelized my trades in a particular direction. I used to take random trades based on price action with no strict rules nor strict stop loss'.
I had a good run in the first few years of my trading (although I didn't make much as in the beginning, my funds were limited). But with time I was churning a decent profit. Not on a regular basis but the trades that went in my favour, went big time in my favour. Enough so that I could cover all my losses and then still have a decent surplus. But as time passed by, the frequency of such winning trades started to reduce so my overal returns started become negative. I have not been able to get back to winning ways. The worst part is that I don't even have a record of my trades, nor my views, nothing for me to look back and then see why I have failed or what I can do to make changes in my trading style.
I am not sure what I did wrong or what I am doing wrong. I need to get back to my winning ways. But at the same time, I also need to know what others are doing to balance their trades. How is everyone managing their trades so that I can learn about my own trading flaws.
I have been trading for quite a few years. My trading style was not clearly defined as many of the members in this forum. I had not developed a distinctive style and neither had a desciplined and channelized my trades in a particular direction. I used to take random trades based on price action with no strict rules nor strict stop loss'.
I had a good run in the first few years of my trading (although I didn't make much as in the beginning, my funds were limited). But with time I was churning a decent profit. Not on a regular basis but the trades that went in my favour, went big time in my favour. Enough so that I could cover all my losses and then still have a decent surplus. But as time passed by, the frequency of such winning trades started to reduce so my overal returns started become negative. I have not been able to get back to winning ways. The worst part is that I don't even have a record of my trades, nor my views, nothing for me to look back and then see why I have failed or what I can do to make changes in my trading style.
I am not sure what I did wrong or what I am doing wrong. I need to get back to my winning ways. But at the same time, I also need to know what others are doing to balance their trades. How is everyone managing their trades so that I can learn about my own trading flaws.