Prior to commencing each trading session, I take stock of myself from a psychological and physical point of view. Again, it’s something that my trading coach encouraged me to do. I look at things such as the amount of sleep I have had, whether I feel excited/happy/depressed, whether I have done any sport, the amount of coffee/alcohol I have been consuming, and the profit/loss of the most recent session. All this gets me to a score out of 10 – the more points, the better.
Today I scored 3.5. In all fairness, the odds are in not in my favor of being able to trade profitably. That said, I never trade profitably anyway, but today that would be even less likely to happen.
Instead I will spend the day (and probably night) testing in the Forex Tester software.
Another graph that i thought would show some insight as to why I am feeling so negative. The chart shows the 75 trades from another angle – the individual result for each trade. Notice that for the last 50 trades, I think only 5-6 ended with a positive result. That’s truly unbelievable. I know that it’s possible to have strings of losses – but this is just complete B.S. Another bow in the argument that I should just hang up my trading boots for good.