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My Weekly report on my day trading for WTI Crude Futures between the 2nd of August 2021 – 6th August 2021.

I am going to report and reflect on last week’s performance looking at charts and pivot lines as well as my results from my trades taken.

Below I have listed and linked the days and trades taken click onto day to view results and view charts.

To start with let me introduce myself, I feel I need to explain in case we have any keyboard warriors out there wanting to pick up on my appalling punction, grammar, and spelling. I am a 41-year-old virgin oh no sorry dyslexic I am just using this website to keep my trades documented and if anyone finds it interesting can join in and follow my strategy.

So as my GRAN used to say if you have nothing nice to say then don’t say anything at all.

Anyway, that’s enough waffle as you can tell I’m trying to keep this light-hearted and not full of financial jargon on with the weekly day trading report.

My Day Trading Results

This week I have traded eight times and lost a total of 12 pips in total which is fantastic if you ask me.

What !!! is this guy mad you’re asking ?.

The whole point is to make money isn’t it, well at this moment in my trading career it’s not.

I have managed to keep my losses to a minimum even when 3/4 of my trades were bad decisions not sticking to the plan or just didn’t go my way.

I am learning and things will improve.

8 trades – 6 losses – 2 winners.

I have learned a lot and implemented a few new ideas into my plan for next week to help me get more success.

But the ultimate thing is to protect your assets your capital your funds, how do I do that you ask it all about risk management. I know boring I wanna put 2k in and get 10K out tomorrow.

Without risk management, you will end up doing what I have. and spend over £7,000 trying to figure out what went wrong over leveraging and losing

I read exactly this maybe 50 times in different places but NO I KNOW BEST. I will do it my way they are losers I’m going to be the winner.

so here I am 5 years later building a strategy to protect my capital. I’m not going to teach you how to suck eggs or give an amazing speech.

But without a risk management plan you will eventually lose billions are lost every year but someone else enjoys that gain.

Day Trading Failure

Accepting Failure

The first thing you need to learn is that failure is going to happen when trading. If you stick to your plan and execute the trades when you’re supposed to and the market still goes against you that’s fine it’s a calculated risk.

When you make rash decisions based upon nothing and you get a loss that’s what we need to stop happening.

so what went wrong, yep the first thing to accept is that it isn’t the market or god or any other factor it’s yourself which causes the problems.

Sadly That’s all wrong I do it and am trying to train myself not to. It’s one of the hardest things ever hopefully you can follow me on this journey and learn a few things along the way and hopefully help me as well.

Remember to check out the day trading reports at the top of the page for more details on strategy and info.

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