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Bull market on white background texture. There are bull and cash. It's symbol of chance or opportunity to invest in stock market.

Four years ago next month, I embarked on my journey to master the art of trading in the financial markets. This post summarises where I've dedicated my time, the opportunity costs, some regrets, and my future aspirations.When I first started, funding companies weren't in my plans. I committed myself to learning the nuances of trading, aiming for a conservative gain of 1 to 2% per month. I began with demo trading and gradually moved on to trading my own capital. Achieving 20% annual returns is considered world-class, and that became my benchmark. The initial two years were spent in intense learning, followed by a year of demo trading where I collected data, tested strategies, and discovered more about my trading personality.Over these four years, I've achieved significant milestones—I've never depleted a live account and, in the past 17 months, I've not only protected my capital but also grown it. While I may not win any major trading awards, I've averaged around a 1.4% monthly return, and in my first year full time, I managed to get near 20% return, a feat I'm particularly proud of considering the rarity of such success.<img id="dguduqrmgelw5csawx" src="https://cdn.durable.co/blocks/3aq4OUIYqhIXjWhSfoRRjVKATQ8G78dkZgbEjEaOOdUNofwLkHEQUgAZUIgf413L.png" alt="USDC was established in 2018 by Circle and Coinbase, and it's pegged at 1:1 with the U.S. Dollar. Unlike USDT, of which Tether is the only issuer, USDC can be issued and redeemed by other member institutions of the CENTRE Network, such as Coinbase." title="USDC was established in 2018 by Circle and Coinbase, and it's pegged at 1:1 with the U.S. Dollar. Unlike USDT, of which Tether is the only issuer, USDC can be issued and redeemed by other member institutions of the CENTRE Network, such as Coinbase." class="object-cover bg-gray-100 rounded-sm md:rounded-md lg:rounded-lg" data-corners="default" data-aspect="16:9" data-caption="" data-positionx="undefined" data-positiony="undefined" data-fullwidth="false" data-mce-src="https://cdn.durable.co/blocks/3aq4OUIYqhIXjWhSfoRRjVKATQ8G78dkZgbEjEaOOdUNofwLkHEQUgAZUIgf413L.png" data-mce-style="aspect-ratio: 16/9; object-position: center center;" style="border-color: rgba(229,231,235,var(--tw-border-opacity)); --tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; --tw-rotate: 0; --tw-skew-x: 0; --tw-skew-y: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-pan-x: ; --tw-pan-y: ; --tw-pinch-zoom: ; --tw-scroll-snap-strictness: proximity; --tw-gradient-from-position: ; --tw-gradient-via-position: ; --tw-gradient-to-position: ; --tw-ordinal: ; --tw-slashed-zero: ; --tw-numeric-figure: ; --tw-numeric-spacing: ; --tw-numeric-fraction: ; --tw-ring-inset: var(--tw-empty,/*!*/ /*!*/); --tw-ring-offset-width: 0px; --tw-ring-offset-color: #fff; --tw-ring-color: rgba(62,172,255,.5); --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; --tw-blur: var(--tw-empty,/*!*/ /*!*/); --tw-brightness: var(--tw-empty,/*!*/ /*!*/); --tw-contrast: var(--tw-empty,/*!*/ /*!*/); --tw-grayscale: var(--tw-empty,/*!*/ /*!*/); --tw-hue-rotate: var(--tw-empty,/*!*/ /*!*/); --tw-invert: var(--tw-empty,/*!*/ /*!*/); --tw-saturate: var(--tw-empty,/*!*/ /*!*/); --tw-sepia: var(--tw-empty,/*!*/ /*!*/); --tw-drop-shadow: var(--tw-empty,/*!*/ /*!*/); --tw-backdrop-blur: var(--tw-empty,/*!*/ /*!*/); --tw-backdrop-brightness: var(--tw-empty,/*!*/ /*!*/); --tw-backdrop-contrast: var(--tw-empty,/*!*/ /*!*/); --tw-backdrop-grayscale: var(--tw-empty,/*!*/ /*!*/); --tw-backdrop-hue-rotate: var(--tw-empty,/*!*/ /*!*/); --tw-backdrop-invert: var(--tw-empty,/*!*/ /*!*/); --tw-backdrop-opacity: var(--tw-empty,/*!*/ /*!*/); --tw-backdrop-saturate: var(--tw-empty,/*!*/ /*!*/); --tw-backdrop-sepia: var(--tw-empty,/*!*/ /*!*/); --tw-transform: translateX(var(--tw-translate-x)) translateY(var(--tw-translate-y)) rotate(var(--tw-rotate)) skewX(var(--tw-skew-x)) skewY(var(--tw-skew-y)) scaleX(var(--tw-scale-x)) scaleY(var(--tw-scale-y)); --tw-border-opacity: 1; --tw-filter: var(--tw-blur) var(--tw-brightness) var(--tw-contrast) var(--tw-grayscale) var(--tw-hue-rotate) var(--tw-invert) var(--tw-saturate) var(--tw-sepia) var(--tw-drop-shadow); --tw-backdrop-filter: var(--tw-backdrop-blur) var(--tw-backdrop-brightness) var(--tw-backdrop-contrast) var(--tw-backdrop-grayscale) var(--tw-backdrop-hue-rotate) var(--tw-backdrop-invert) var(--tw-backdrop-opacity) var(--tw-backdrop-saturate) var(--tw-backdrop-sepia); --tw-bg-opacity: 1; width: 640px; aspect-ratio: 16 / 9; object-position: center center;"><figure id="figure-381be3ff08lw5cuu5q"><img id="381be3ff08lw5cuu5q" src="https://cdn.durable.co/blocks/36N2cYNsaguW3fEXH7XoYGleD172UKC5h3YStlQfnu5bg6UkaFvIHRAEnGZj09kg.png" alt="man writing on paper" title="man writing on paper" class="object-cover bg-gray-100 rounded-sm md:rounded-md lg:rounded-lg" style="aspect-ratio: 16/9; object-position: center center;" data-corners="default" data-aspect="16:9" data-caption="" data-positionx="undefined" data-positiony="undefined" data-fullwidth="false" data-mce-src="https://cdn.durable.co/blocks/36N2cYNsaguW3fEXH7XoYGleD172UKC5h3YStlQfnu5bg6UkaFvIHRAEnGZj09kg.png" data-mce-style="aspect-ratio: 16/9; object-position: center center;"></figure>However, this journey hasn't been without costs. Focusing on trading conservatively, initially doesn't attract serious investors, and it might take years to do so depending on one's ability to grow an account. My conservative approach paid off in risk management but didn't teach me to trade aggressively, which is a style rewarded by new funding companies. Although I've spent 95% of my time honing conservative trading tactics, I've also felt the opportunity cost of not adopting a more aggressive approach earlier.Transitioning to a more aggressive trading style and scaling my business represents the next phase in my journey. I'm extremely satisfied with the strategies I've developed, having tirelessly created three distinct approaches across four diversified assets. Now, I'm ready to elevate my trading to a higher level. I've proven my ability to manage risk and grow an account conservatively, but now I aim to scale not only my returns but also my assets under management.The goal is to pass more funding challenges and secure increasingly significant payouts. This shift requires a departure from my usual conservative methods, introducing a new set of challenges. Trading is a field where each new success or solution often leads to the next challenge, and I anticipate this transition will be no different. However, I'm confident in my foundational trading skills to navigate these waters.To achieve this, I plan to allocate a smaller portion of my capital to adopt an aggressive stance. I intend to approach the same trading setups but with larger position sizes during funding challenges to pass them successfully. Once these are passed, I plan to revert to increasing these positions more conservatively. This strategic push-and-pull will allow me to maximize potential gains while maintaining a solid risk management framework.As I navigate these new challenges, I’m eager to hear from others in the trading community. How many of you have found yourselves focusing on trading professionally to the extent that it might have cost you potential earnings from funding challenges? I would love to hear your thoughts on how you balance building a reputable trading record with participating in and maximizing returns from trading challenges.Share your experiences and strategies in the comments below, or join the conversation live on ASFX TV during the London market openings on Mondays, Tuesdays, and Thursdays. Let’s discuss how we can all push our trading boundaries and achieve greater success together! &nbsp; &nbsp; &nbsp;

From Conservative to Cash Cow: My Bold New Trading Plan Unveiled!

Team of agent trading business people pointing graph and analysis stock market on computer screen in office.

This blog post, like many was inspired by an interaction on twitter.<figure id="figure-7vtrek2v1pluv2ldp6"><img id="7vtrek2v1pluv2ldp6" src="https://cdn.durable.co/blocks/19DjZhatdwdEX0jFe4r0YLi15klKqfg5Jycxd8DRWy278X3EDpL2DA6u1YPIC97S.png" alt="pen near black lined paper and eyeglasses" title="pen near black lined paper and eyeglasses" class="object-cover bg-gray-100 rounded-sm md:rounded-md lg:rounded-lg" style="aspect-ratio: 3/2; object-position: center center;" data-corners="default" data-aspect="3:2" data-caption="" data-positionx="undefined" data-positiony="undefined" data-fullwidth="false" data-mce-src="https://cdn.durable.co/blocks/19DjZhatdwdEX0jFe4r0YLi15klKqfg5Jycxd8DRWy278X3EDpL2DA6u1YPIC97S.png" data-mce-style="aspect-ratio: 3/2; object-position: center center;"></figure>"Just do what suits you best" seems simple enough. Yet, as I've discovered first hand, aligning with our true capabilities is often the hardest part of our journey. For years, I was committed to a style of trading that, despite my best efforts, never truly resonated with my personality or strengths. It has only been in the past 7-8 months that I've come to recognise this, embarking on a transformative journey towards a trading style that genuinely aligns with who I am: systematic trading.The Early Days: Committing to a Path Like many before me, I followed the advice commonly given in the trading community: pick a niche, focus intensely, and don't waver. Determined to succeed, I chose a trading path at the outset of my career and dedicated myself wholeheartedly to mastering it. This path was trading Forex with a semi systematic strategy, but with plenty of discretion to further apply, a style characterised by decisions based on current market conditions and intuition (but I had no intuition).Despite making progress, my journey wasn't without its challenges. Doubts crept in, especially during drawdowns, casting a shadow over my achievements. Without historical data to back my decisions, I lacked the reassurance needed during these tough times. Was I truly skilled, or just lucky during favourable market conditions? The lack of&nbsp; evidence to support my trading decisions underscored a fundamental misalignment between my chosen trading style and my inherent strengths and personality.The Pivot The realisation that I needed a change didn't come easily or quickly. It was a gradual process when conducting reflective journallling and trying to improve my C game (Thanks Jared). I came to the conclusiong that there might be another way of trading that could better suit my skill set. A very strict style of trading, with its reliance on predefined rules for all elements of the strategy. This offered a stark contrast to the more discretion-based approach I had been adhering to.The transition was not instantaneous. Shifting trading styles required me to reevaluate my strategies, learn new skills, and most importantly, change my mindset. However, the effort was well worth it. I've never been more inspired or worked harder than I am now, with a trading style that truly suits me.Why I Prefer Systematic TradingThe Pros Reduction of Trading Errors - The transition to systematic trading has significantly reduced the number of trading errors I make. I haven't broken a rule, over-traded, engaged in revenge trading, or deviated from my planned strategy. This remarkable improvement stems from my trust in the data, fostering unparalleled discipline in my trading practice. Liberation During Trading Sessions -&nbsp;Systematic trading has transformed my trading sessions into periods of calm and focus. With all critical decisions—what to watch, when and where to enter, how much to risk, and when to exit—made upfront, I can trade with a clear mind, free from the minute-to-minute stress that used to dominate my days.Empowerment Through Historical Data - Having a comprehensive set of historical data at my fingertips allows me to reassure myself about what normality looks like for my strategy. It empowers me to understand my strategy inside and out, instilling confidence even during uncertain market phases. Alignment with My Background - Data and structure resonates deeply with my personality and professional background. With a career foundation in data and experience in statistical, data-led sports betting arbitrage, this trading style aligns perfectly with my skills and preferences, eliminating reliance on intuition or opinions. The Cons of Systematic TradingEmotional Challenges Remain - Despite the structured approach, emotions still play a significant role. Drawdown periods are challenging, regardless of the trading style. The hours spent backtesting, coupled with the reality that 95% of tests may fail, can be mentally taxing. Overwhelming Information on Strategy Research/ Backtesting - The vast amount of information and advice on the dos and dont's of backtesting can be overwhelming. Sifting through conflicting recommendations to find what truly works is a daunting task for any trader. Risks of Backtesting -&nbsp;Overfitting and other pitfalls associated with backtesting pose significant risks. It's crucial to be aware of these dangers and approach backtesting with a critical eye to ensure strategies are robust and adaptable. The Hard Truth - No trading style is easy. This realization is vital for anyone embarking on a trading journey. Like any other approach, systematic trading will test your resolve, patience, and adaptability. Understanding this from the outset can prepare you for the challenges ahead. Advice for Fellow Traders If you find yourself going in circles, seeing little progress, it might be time to adapt your trading style. Don't be afraid to explore and transition to a style that better aligns with your strengths and personality. Remember, the goal is not to adhere to a prescribed path but to find the one that truly elevates your performance.I want to make it abundantly clear - no style of trading inherently holds a monopoly on profitability. From my experience, I firmly believe that every style of trading has the potential to be profitable. The pivotal factor is not the trading style itself but how well it aligns with your unique strengths, personality, and background. It's about discovering a style that not only enables profitability but also allows you to become the trader you aspire to be—confident, consistent, and in control.The journey from discretionary to systematic trading has reiterated the importance of self-awareness, the value of aligning my trading style with my capabilities, and the transformative power of embracing change.To those on a similar path, know that it's never too late to pivot towards what truly suits you best. The journey might be fraught with challenges, but the destination—a trading style that resonates with you—makes it all worthwhile. &nbsp;Let this journey be about finding where you naturally excel, where your confidence is unshakeable, and where your trading strategy feels less like a constant battle and more like a natural extension of your own talents and insights.

Finding My True Style

April 9th. Wooden cubes with date of 9 April  on old blue wooden background.

Yesterday, my day began with a livestream on <a data-mce-href="https://asfxtv.uscreen.io/catalog" href="https://asfxtv.uscreen.io/catalog">ASFX TV</a>, where I shared insights on combining the VWAP and a 20-bar breakout strategy on the US500 index. I also distributed a free indicator I developed, along with a "The Way of the Turtle" book. Although a live trading opportunity did not present itself during the stream, a profitable short position on XAUUSD emerged shortly afterwards. In response to an inquiry from an ASFX VIP member about the trade's performance against a resistance breakout, I clarified my adherence to a systematic trading approach that emphasizes long-term positive expectancy without considering support or resistance breakouts.Despite acknowledging the bullish appearance of the XAUUSD chart, I emphasized my commitment to the trading system over individual chart assessments. This disciplined approach has significantly enhanced my trading decisions, eliminating hesitation, doubt, and uncertainty about trade entries, position sizing, and exit strategies. April marked the initiation of this strategy with the aforementioned XAUUSD trade, as recorded on Tradezella.<img id="76j2wvs834lutisaeu" src="https://cdn.durable.co/blocks/7yiLAgZ7SHXEIRLThiZdKItL1DqB1DgP2RhZqh7DX6dmjT0ljJcjLTlLEkbLqlVW.png" alt="man in black crew neck t-shirt sitting beside woman in red crew neck t-shirt" title="man in black crew neck t-shirt sitting beside woman in red crew neck t-shirt" class="object-cover bg-gray-100 rounded-sm md:rounded-md lg:rounded-lg" data-corners="default" data-aspect="16:9" data-caption="" data-positionx="50%" data-positiony="75%" data-fullwidth="false" data-mce-src="https://cdn.durable.co/blocks/7yiLAgZ7SHXEIRLThiZdKItL1DqB1DgP2RhZqh7DX6dmjT0ljJcjLTlLEkbLqlVW.png" data-mce-style="aspect-ratio: 16/9; object-position: 50% 75%;" style="border-color: rgba(229,231,235,var(--tw-border-opacity)); --tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; --tw-rotate: 0; --tw-skew-x: 0; --tw-skew-y: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-pan-x: ; --tw-pan-y: ; --tw-pinch-zoom: ; --tw-scroll-snap-strictness: proximity; --tw-gradient-from-position: ; --tw-gradient-via-position: ; --tw-gradient-to-position: ; --tw-ordinal: ; --tw-slashed-zero: ; --tw-numeric-figure: ; --tw-numeric-spacing: ; --tw-numeric-fraction: ; --tw-ring-inset: var(--tw-empty,/*!*/ /*!*/); --tw-ring-offset-width: 0px; --tw-ring-offset-color: #fff; --tw-ring-color: rgba(62,172,255,.5); --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; --tw-blur: var(--tw-empty,/*!*/ /*!*/); --tw-brightness: var(--tw-empty,/*!*/ /*!*/); --tw-contrast: var(--tw-empty,/*!*/ /*!*/); --tw-grayscale: var(--tw-empty,/*!*/ /*!*/); --tw-hue-rotate: var(--tw-empty,/*!*/ /*!*/); --tw-invert: var(--tw-empty,/*!*/ /*!*/); --tw-saturate: var(--tw-empty,/*!*/ /*!*/); --tw-sepia: var(--tw-empty,/*!*/ /*!*/); --tw-drop-shadow: var(--tw-empty,/*!*/ /*!*/); --tw-backdrop-blur: var(--tw-empty,/*!*/ /*!*/); --tw-backdrop-brightness: var(--tw-empty,/*!*/ /*!*/); --tw-backdrop-contrast: var(--tw-empty,/*!*/ /*!*/); --tw-backdrop-grayscale: var(--tw-empty,/*!*/ /*!*/); --tw-backdrop-hue-rotate: var(--tw-empty,/*!*/ /*!*/); --tw-backdrop-invert: var(--tw-empty,/*!*/ /*!*/); --tw-backdrop-opacity: var(--tw-empty,/*!*/ /*!*/); --tw-backdrop-saturate: var(--tw-empty,/*!*/ /*!*/); --tw-backdrop-sepia: var(--tw-empty,/*!*/ /*!*/); --tw-transform: translateX(var(--tw-translate-x)) translateY(var(--tw-translate-y)) rotate(var(--tw-rotate)) skewX(var(--tw-skew-x)) skewY(var(--tw-skew-y)) scaleX(var(--tw-scale-x)) scaleY(var(--tw-scale-y)); --tw-border-opacity: 1; --tw-filter: var(--tw-blur) var(--tw-brightness) var(--tw-contrast) var(--tw-grayscale) var(--tw-hue-rotate) var(--tw-invert) var(--tw-saturate) var(--tw-sepia) var(--tw-drop-shadow); --tw-backdrop-filter: var(--tw-backdrop-blur) var(--tw-backdrop-brightness) var(--tw-backdrop-contrast) var(--tw-backdrop-grayscale) var(--tw-backdrop-hue-rotate) var(--tw-backdrop-invert) var(--tw-backdrop-opacity) var(--tw-backdrop-saturate) var(--tw-backdrop-sepia); --tw-bg-opacity: 1; width: 640px; aspect-ratio: 16 / 9; object-position: 50% 75%;">In the afternoon, I maintained my workout streak, reaching 40 consecutive days of a minimum of 10,000 steps and either a 4 mile run or 45 minute weight session<figure id="figure-jk3ootzqoalutiypwh"><img id="jk3ootzqoalutiypwh" src="https://cdn.durable.co/blocks/5f7xZ0w8bSnnlMXKW5WrpGtAqv9nNEuaQaDKQQpe6BidnDGz5MSXFhlURMepZi6g.jpg" alt="Team work, work colleagues, working together" title="Team work, work colleagues, working together" class="object-cover bg-gray-100 rounded-sm md:rounded-md lg:rounded-lg" style="aspect-ratio: 16/9; object-position: center center;" data-corners="default" data-aspect="16:9" data-caption="" data-positionx="undefined" data-positiony="undefined" data-fullwidth="false" data-mce-src="https://cdn.durable.co/blocks/5f7xZ0w8bSnnlMXKW5WrpGtAqv9nNEuaQaDKQQpe6BidnDGz5MSXFhlURMepZi6g.jpg" data-mce-style="aspect-ratio: 16/9; object-position: center center;"></figure> Later, I embarked on a project to code a simple breakout strategy in Pine Script, aiming to streamline the strategy testing process that I previously conducted through extensive Excel spreadsheets. This experiment yielded promising results, which I plan to share in my next livestream, offering viewers a hands-on experience with backtesting and its implications on trading execution&nbsp;PLUS ANOTHER FREE GIVEAWAY OF THE STRATEGY TESTER!!&nbsp;<figure id="figure-j8s38delylutjjc8f"><img id="j8s38delylutjjc8f" src="https://cdn.durable.co/blocks/35Bw7jDLvrxBNTOF1rzE5ky5LrmFGXgxbq0RU27sER9nSacTNtip7N9IPpwn69sl.png" alt="man in black crew neck t-shirt sitting beside woman in red crew neck t-shirt" title="man in black crew neck t-shirt sitting beside woman in red crew neck t-shirt" class="object-cover bg-gray-100 rounded-sm md:rounded-md lg:rounded-lg" style="aspect-ratio: 16/9; object-position: center center;" data-corners="default" data-aspect="16:9" data-caption="" data-positionX="undefined" data-positionY="undefined" data-fullWidth="false"/></figure>The day concluded with my participation in an algorithmic trading webinar hosted by Kevin Davey, a renowned futures trader with a World Cup Trading Championship victory and three runner-up finishes. My goal was to gain deeper insights into his testing methodology and improve my own strategy testing processes.

Daily Report Card - 9th April

April 8th. Wooden cubes with date of 8 April  on old blue wooden background.

Today started by me streaming live on <a data-mce-href="https://asfxtv.uscreen.io/catalog" href="https://asfxtv.uscreen.io/catalog">ASFX TV</a> at new streaming time of 08:00, where I will be streaming every Mon, Tue and Thu and I'm pleased to report a successful kickoff. The feedback and engagement from the audience were encouraging, setting a positive tone for what's to come. A significant focus moving forward will be on sharing useful resources and education—specifically, sharing the intricacies of the systematic trading approach that has been pivotal in my trading evolution.Embracing Systematic Trading The shift towards a more systematic approach in trading has been a game-changer for me, a sentiment I've shared but perhaps not detailed sufficiently. My aim is to demystify the process and principles behind systematic trading, highlighting its impact on my decision-making and overall trading performance. This journey is a quest for alpha through disciplined, rule-based strategies—a path that's challenging yet rewarding.Sharing Resources and Tools: An exciting development I shared today involves making my trading spreadsheets public. This initiative is not just about transparency but also about providing tangible resources to those intrigued by or inclined towards systematic trading. I believe in the diversity of trading methods and advocate for finding the approach that resonates with one's personality and goals. The forthcoming spreadsheets and tools are meant to empower and educate, serving as a foundation for others to build upon or adapt.<p style="border-color: rgba(229,231,235,var(--tw-border-opacity)); --tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; --tw-rotate: 0; --tw-skew-x: 0; --tw-skew-y: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-scroll-snap-strictness: proximity; --tw-ring-offset-width: 0px; --tw-ring-offset-color: #fff; --tw-ring-color: rgba(62,172,255,.5); --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; --tw-transform: translateX(var(--tw-translate-x)) translateY(var(--tw-translate-y)) rotate(var(--tw-rotate)) skewX(var(--tw-skew-x)) skewY(var(--tw-skew-y)) scaleX(var(--tw-scale-x)) scaleY(var(--tw-scale-y)); --tw-border-opacity: 1; --tw-filter: var(--tw-blur) var(--tw-brightness) var(--tw-contrast) var(--tw-grayscale) var(--tw-hue-rotate) var(--tw-invert) var(--tw-saturate) var(--tw-sepia) var(--tw-drop-shadow); --tw-backdrop-filter: var(--tw-backdrop-blur) var(--tw-backdrop-brightness) var(--tw-backdrop-contrast) var(--tw-backdrop-grayscale) var(--tw-backdrop-hue-rotate) var(--tw-backdrop-invert) var(--tw-backdrop-opacity) var(--tw-backdrop-saturate) var(--tw-backdrop-sepia); font-size: 18px; line-height: calc(28px * var(--body-fontHeight, 1)); font-weight: 300; font-family: Poppins, sans-serif;" data-mce-style="border-color: rgba(229,231,235,var(--tw-border-opacity)); --tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; --tw-rotate: 0; --tw-skew-x: 0; --tw-skew-y: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-scroll-snap-strictness: proximity; --tw-ring-offset-width: 0px; --tw-ring-offset-color: #fff; --tw-ring-color: rgba(62,172,255,.5); --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; --tw-transform: translateX(var(--tw-translate-x)) translateY(var(--tw-translate-y)) rotate(var(--tw-rotate)) skewX(var(--tw-skew-x)) skewY(var(--tw-skew-y)) scaleX(var(--tw-scale-x)) scaleY(var(--tw-scale-y)); --tw-border-opacity: 1; --tw-filter: var(--tw-blur) var(--tw-brightness) var(--tw-contrast) var(--tw-grayscale) var(--tw-hue-rotate) var(--tw-invert) var(--tw-saturate) var(--tw-sepia) var(--tw-drop-shadow); --tw-backdrop-filter: var(--tw-backdrop-blur) var(--tw-backdrop-brightness) var(--tw-backdrop-contrast) var(--tw-backdrop-grayscale) var(--tw-backdrop-hue-rotate) var(--tw-backdrop-invert) var(--tw-backdrop-opacity) var(--tw-backdrop-saturate) var(--tw-backdrop-sepia); font-size: 18px; line-height: calc(28px * var(--body-fontHeight, 1)); font-weight: 300; font-family: Poppins, sans-serif;"><img id="rqypptg1pmlurg65zl" src="https://cdn.durable.co/blocks/20MhHldbK0bqjhGhaJFn9mZjEeO0uMaW8sDIhYvkNCqqG9Ge4EBj7WlNt0mpJYEk.png" alt="white Canon cash register" title="white Canon cash register" class="object-cover bg-gray-100 rounded-sm md:rounded-md lg:rounded-lg" data-corners="default" data-aspect="16:9" data-caption="" data-positionx="undefined" data-positiony="undefined" data-fullwidth="false" data-mce-src="https://cdn.durable.co/blocks/20MhHldbK0bqjhGhaJFn9mZjEeO0uMaW8sDIhYvkNCqqG9Ge4EBj7WlNt0mpJYEk.png" data-mce-style="aspect-ratio: 16/9; object-position: center center;" style="border-color: rgba(229,231,235,var(--tw-border-opacity)); --tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; --tw-rotate: 0; --tw-skew-x: 0; --tw-skew-y: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-pan-x: ; --tw-pan-y: ; --tw-pinch-zoom: ; --tw-scroll-snap-strictness: proximity; --tw-gradient-from-position: ; --tw-gradient-via-position: ; --tw-gradient-to-position: ; --tw-ordinal: ; --tw-slashed-zero: ; --tw-numeric-figure: ; --tw-numeric-spacing: ; --tw-numeric-fraction: ; --tw-ring-inset: var(--tw-empty,/*!*/ /*!*/); --tw-ring-offset-width: 0px; --tw-ring-offset-color: #fff; --tw-ring-color: rgba(62,172,255,.5); --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; --tw-blur: var(--tw-empty,/*!*/ /*!*/); --tw-brightness: var(--tw-empty,/*!*/ /*!*/); --tw-contrast: var(--tw-empty,/*!*/ /*!*/); --tw-grayscale: var(--tw-empty,/*!*/ /*!*/); --tw-hue-rotate: var(--tw-empty,/*!*/ /*!*/); --tw-invert: var(--tw-empty,/*!*/ /*!*/); --tw-saturate: var(--tw-empty,/*!*/ /*!*/); --tw-sepia: var(--tw-empty,/*!*/ /*!*/); --tw-drop-shadow: var(--tw-empty,/*!*/ /*!*/); --tw-backdrop-blur: var(--tw-empty,/*!*/ /*!*/); --tw-backdrop-brightness: var(--tw-empty,/*!*/ /*!*/); --tw-backdrop-contrast: var(--tw-empty,/*!*/ /*!*/); --tw-backdrop-grayscale: var(--tw-empty,/*!*/ /*!*/); --tw-backdrop-hue-rotate: var(--tw-empty,/*!*/ /*!*/); --tw-backdrop-invert: var(--tw-empty,/*!*/ /*!*/); --tw-backdrop-opacity: var(--tw-empty,/*!*/ /*!*/); --tw-backdrop-saturate: var(--tw-empty,/*!*/ /*!*/); --tw-backdrop-sepia: var(--tw-empty,/*!*/ /*!*/); --tw-transform: translateX(var(--tw-translate-x)) translateY(var(--tw-translate-y)) rotate(var(--tw-rotate)) skewX(var(--tw-skew-x)) skewY(var(--tw-skew-y)) scaleX(var(--tw-scale-x)) scaleY(var(--tw-scale-y)); --tw-border-opacity: 1; --tw-filter: var(--tw-blur) var(--tw-brightness) var(--tw-contrast) var(--tw-grayscale) var(--tw-hue-rotate) var(--tw-invert) var(--tw-saturate) var(--tw-sepia) var(--tw-drop-shadow); --tw-backdrop-filter: var(--tw-backdrop-blur) var(--tw-backdrop-brightness) var(--tw-backdrop-contrast) var(--tw-backdrop-grayscale) var(--tw-backdrop-hue-rotate) var(--tw-backdrop-invert) var(--tw-backdrop-opacity) var(--tw-backdrop-saturate) var(--tw-backdrop-sepia); --tw-bg-opacity: 1; width: 640px; margin: 0px; padding-top: 0px; padding-bottom: 0px; caret-color: rgba(0, 0, 0, 0); aspect-ratio: 16 / 9; object-position: center center;">Exploring New Strategies: AVWAP and ASFX This afternoon's exploration centered on integrating the Turtle Strategy with the Average Volume Weighted Average Price (AVWAP) to forge a novel approach that might resonate with ASFX traders. The objective is to blend the disciplined entry and exit points of the Turtle Strategy with the precision of AVWAP in tracking average prices. This pairing could potentially yield a system for identifying trade opportunities, a hypothesis I'm eager to test further.<p style="border-color: rgba(229,231,235,var(--tw-border-opacity)); --tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; --tw-rotate: 0; --tw-skew-x: 0; --tw-skew-y: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-scroll-snap-strictness: proximity; --tw-ring-offset-width: 0px; --tw-ring-offset-color: #fff; --tw-ring-color: rgba(62,172,255,.5); --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; --tw-transform: translateX(var(--tw-translate-x)) translateY(var(--tw-translate-y)) rotate(var(--tw-rotate)) skewX(var(--tw-skew-x)) skewY(var(--tw-skew-y)) scaleX(var(--tw-scale-x)) scaleY(var(--tw-scale-y)); --tw-border-opacity: 1; --tw-filter: var(--tw-blur) var(--tw-brightness) var(--tw-contrast) var(--tw-grayscale) var(--tw-hue-rotate) var(--tw-invert) var(--tw-saturate) var(--tw-sepia) var(--tw-drop-shadow); --tw-backdrop-filter: var(--tw-backdrop-blur) var(--tw-backdrop-brightness) var(--tw-backdrop-contrast) var(--tw-backdrop-grayscale) var(--tw-backdrop-hue-rotate) var(--tw-backdrop-invert) var(--tw-backdrop-opacity) var(--tw-backdrop-saturate) var(--tw-backdrop-sepia); font-size: 18px; line-height: calc(28px * var(--body-fontHeight, 1)); font-weight: 300; font-family: Poppins, sans-serif;" data-mce-style="border-color: rgba(229,231,235,var(--tw-border-opacity)); --tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; --tw-rotate: 0; --tw-skew-x: 0; --tw-skew-y: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-scroll-snap-strictness: proximity; --tw-ring-offset-width: 0px; --tw-ring-offset-color: #fff; --tw-ring-color: rgba(62,172,255,.5); --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; --tw-transform: translateX(var(--tw-translate-x)) translateY(var(--tw-translate-y)) rotate(var(--tw-rotate)) skewX(var(--tw-skew-x)) skewY(var(--tw-skew-y)) scaleX(var(--tw-scale-x)) scaleY(var(--tw-scale-y)); --tw-border-opacity: 1; --tw-filter: var(--tw-blur) var(--tw-brightness) var(--tw-contrast) var(--tw-grayscale) var(--tw-hue-rotate) var(--tw-invert) var(--tw-saturate) var(--tw-sepia) var(--tw-drop-shadow); --tw-backdrop-filter: var(--tw-backdrop-blur) var(--tw-backdrop-brightness) var(--tw-backdrop-contrast) var(--tw-backdrop-grayscale) var(--tw-backdrop-hue-rotate) var(--tw-backdrop-invert) var(--tw-backdrop-opacity) var(--tw-backdrop-saturate) var(--tw-backdrop-sepia); font-size: 18px; line-height: calc(28px * var(--body-fontHeight, 1)); font-weight: 300; font-family: Poppins, sans-serif;"><img id="ux8t8x5eeklurgk6i2" src="https://cdn.durable.co/blocks/7i284Ecf6q2dcq97MKUDG7auFL0wvZn2qKMKKlAG9LN3qF0HHcYq31ificBb6AiE.png" alt="man in black crew neck t-shirt sitting beside woman in red crew neck t-shirt" title="man in black crew neck t-shirt sitting beside woman in red crew neck t-shirt" class="object-cover bg-gray-100 rounded-sm md:rounded-md lg:rounded-lg" data-corners="default" data-aspect="16:9" data-caption="" data-positionx="undefined" data-positiony="undefined" data-fullwidth="false" data-mce-src="https://cdn.durable.co/blocks/7i284Ecf6q2dcq97MKUDG7auFL0wvZn2qKMKKlAG9LN3qF0HHcYq31ificBb6AiE.png" data-mce-style="aspect-ratio: 16/9; object-position: center center;" style="border-color: rgba(229,231,235,var(--tw-border-opacity)); --tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; --tw-rotate: 0; --tw-skew-x: 0; --tw-skew-y: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-pan-x: ; --tw-pan-y: ; --tw-pinch-zoom: ; --tw-scroll-snap-strictness: proximity; --tw-gradient-from-position: ; --tw-gradient-via-position: ; --tw-gradient-to-position: ; --tw-ordinal: ; --tw-slashed-zero: ; --tw-numeric-figure: ; --tw-numeric-spacing: ; --tw-numeric-fraction: ; --tw-ring-inset: var(--tw-empty,/*!*/ /*!*/); --tw-ring-offset-width: 0px; --tw-ring-offset-color: #fff; --tw-ring-color: rgba(62,172,255,.5); --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; --tw-blur: var(--tw-empty,/*!*/ /*!*/); --tw-brightness: var(--tw-empty,/*!*/ /*!*/); --tw-contrast: var(--tw-empty,/*!*/ /*!*/); --tw-grayscale: var(--tw-empty,/*!*/ /*!*/); --tw-hue-rotate: var(--tw-empty,/*!*/ /*!*/); --tw-invert: var(--tw-empty,/*!*/ /*!*/); --tw-saturate: var(--tw-empty,/*!*/ /*!*/); --tw-sepia: var(--tw-empty,/*!*/ /*!*/); --tw-drop-shadow: var(--tw-empty,/*!*/ /*!*/); --tw-backdrop-blur: var(--tw-empty,/*!*/ /*!*/); --tw-backdrop-brightness: var(--tw-empty,/*!*/ /*!*/); --tw-backdrop-contrast: var(--tw-empty,/*!*/ /*!*/); --tw-backdrop-grayscale: var(--tw-empty,/*!*/ /*!*/); --tw-backdrop-hue-rotate: var(--tw-empty,/*!*/ /*!*/); --tw-backdrop-invert: var(--tw-empty,/*!*/ /*!*/); --tw-backdrop-opacity: var(--tw-empty,/*!*/ /*!*/); --tw-backdrop-saturate: var(--tw-empty,/*!*/ /*!*/); --tw-backdrop-sepia: var(--tw-empty,/*!*/ /*!*/); --tw-transform: translateX(var(--tw-translate-x)) translateY(var(--tw-translate-y)) rotate(var(--tw-rotate)) skewX(var(--tw-skew-x)) skewY(var(--tw-skew-y)) scaleX(var(--tw-scale-x)) scaleY(var(--tw-scale-y)); --tw-border-opacity: 1; --tw-filter: var(--tw-blur) var(--tw-brightness) var(--tw-contrast) var(--tw-grayscale) var(--tw-hue-rotate) var(--tw-invert) var(--tw-saturate) var(--tw-sepia) var(--tw-drop-shadow); --tw-backdrop-filter: var(--tw-backdrop-blur) var(--tw-backdrop-brightness) var(--tw-backdrop-contrast) var(--tw-backdrop-grayscale) var(--tw-backdrop-hue-rotate) var(--tw-backdrop-invert) var(--tw-backdrop-opacity) var(--tw-backdrop-saturate) var(--tw-backdrop-sepia); --tw-bg-opacity: 1; width: 640px; margin: 0px; padding-top: 0px; padding-bottom: 0px; caret-color: rgba(0, 0, 0, 0); aspect-ratio: 16 / 9; object-position: center center;">Analysis of James Bruce's Trading Approach The day concluded with an insightful analysis of trades by James Bruce, focusing on his profit/loss (P/L) metrics over the last three months. The comparison between his discretionary trade exits and a hypothetical scenario of day-end closures underscored the value of nuanced trade management. James's approach, characterised by strategic discretion, demonstrates a consistency and performance edge over a more rigid closing strategy.<figure id="figure-ha76hr563elurgi8vx"><img id="ha76hr563elurgi8vx" src="https://cdn.durable.co/blocks/24KHetlg3dnoN0Y2etGCIEmHOxltpHgHfaSJki5mt41oqbr3CAEhBsFxTgVuXXSx.png" alt="two people sitting during day" title="two people sitting during day" class="object-cover bg-gray-100 rounded-sm md:rounded-md lg:rounded-lg" style="aspect-ratio: 16/9; object-position: center center;" data-corners="default" data-aspect="16:9" data-caption="" data-positionx="undefined" data-positiony="undefined" data-fullwidth="false" data-mce-src="https://cdn.durable.co/blocks/24KHetlg3dnoN0Y2etGCIEmHOxltpHgHfaSJki5mt41oqbr3CAEhBsFxTgVuXXSx.png" data-mce-style="aspect-ratio: 16/9; object-position: center center;"></figure>Looking Ahead As we gear up for tomorrow's live trading session on ASFX TV, I'm excited to share more insights and strategies that have shaped my trading journey. The pursuit of market edge continues, and I'm committed to unveiling the layers and dynamics of systematic trading to our growing community. Join me as we explore, analyse, and learn together in real-time.

Daily Report Card - 8th April 2024

Businessman use tablet with finance and banking profit graph of stock market trade indicator financial. Business strategy

I'm compelled to share my journey through this blog for a multitude of reasons. Firstly, it serves as a personal affirmation that I'm navigating the correct path, positioned exactly where I'm meant to be. It's a gesture of gratitude towards those who've granted me the mental space and support needed to focus on honing my trading skills, while simultaneously extending an apology for moments when I've allowed my dedication to overshadow other responsibilities and relationships. Additionally, this post aims to provide new followers with insight into my trading journey and the philosophy that underpins it. I firmly believe in the value of strategic sacrifices for the attainment of greater goals, even if it means temporary hardship.Let's delve into a narrative that spans more than just a few paragraphs.Reflecting on the past few months, I have invested an unprecedented amount of time and effort into refining my trading strategies—more so than any previous phase. Despite the possibility that my external output doesn't vividly showcase this evolution, the shift has been profound.My earlier trading routine was characterised by meticulous daily report cards and an in-depth analysis of executed trades and the decisions behind them, my focus has now pivoted towards establishing a systematic, quantitative strategy portfolio that spans multiple asset classes. My days are primarily consumed by being buried in spreadsheets and the execution of current strategies, transitioning towards an approach that removes subjectivity from trading decisions. This change has significantly streamlined the decision-making process, rendering explanations for individual trades—once a staple of my daily reflections less worth while.<figure id="figure-ktouot2tclugtsqxk"><img id="ktouot2tclugtsqxk" src="https://cdn.durable.co/shutterstock/15bqRkIfjC2mLUvkLKvO3Sd3SvVZYCk628U0DQ1oruSkU3Jak6cGrTuYHyJSdrGu.jpeg" alt="Big Data analysis text on server room background. Internet and modern technology concept." title="Big Data analysis text on server room background. Internet and modern technology concept." class="object-cover bg-gray-100 rounded-sm md:rounded-md lg:rounded-lg" style="aspect-ratio: 16/9; object-position: center center;" data-corners="default" data-aspect="16:9" data-caption="" data-positionx="undefined" data-positiony="undefined" data-fullwidth="false" data-mce-src="https://cdn.durable.co/shutterstock/15bqRkIfjC2mLUvkLKvO3Sd3SvVZYCk628U0DQ1oruSkU3Jak6cGrTuYHyJSdrGu.jpeg" data-mce-style="aspect-ratio: 16/9; object-position: center center;"></figure>This transition has also led me to abandon the practice of documenting my emotional state throughout the trading day via a temperature check. Adopting a binary, data-driven method has not only simplified my approach but also liberated me from the emotional turbulence that once accompanied discretionary decision-making during the day.I no longer ask myself should I be entering here? What grade is this entry? How much should I risk? Where is my target?&nbsp; Where am I wrong? When should I reduce risk? Should I take profit? Should I add in? I've taken a winner should I take this next trade? I've lost 2 shall I take a third? I could go on and on but you get the point.The clarity and consistency of this new style of trading have fortified my execution discipline, allowing me to proudly claim an unblemished record of adherence to my trading rules and record zero tilt days.This alone tells me that the last 6 months have been invaluable to me and my trading careers future as I know the style of trading that allows me to execute in the most effective way and marks a significant milestone in a journey that began four years ago.<figure id="figure-5j1y2idjmplugtu1gl"><img id="5j1y2idjmplugtu1gl" src="https://cdn.durable.co/shutterstock/1eqieUEZTP2858ZKwibBZOM2G5dhNT8jO4z2DkkaJEi9tmXQHPcmeNEgyxe9b91v.jpeg" alt="Online sports betting app on smart phone. Man holdning device." title="Online sports betting app on smart phone. Man holdning device." class="object-cover bg-gray-100 rounded-sm md:rounded-md lg:rounded-lg" style="aspect-ratio: 16/9; object-position: center center;" data-corners="default" data-aspect="16:9" data-caption="" data-positionx="undefined" data-positiony="undefined" data-fullwidth="false" data-mce-src="https://cdn.durable.co/shutterstock/1eqieUEZTP2858ZKwibBZOM2G5dhNT8jO4z2DkkaJEi9tmXQHPcmeNEgyxe9b91v.jpeg" data-mce-style="aspect-ratio: 16/9; object-position: center center;"></figure>Transitioning from a background in sports betting—a realm dominated by binary decisions devoid of emotional ambiguity—to the complex world of financial markets during the tumult of the COVID-19 pandemic, has been both a challenging and enlightening experience.Discussing my shift from lower time frames and discretionary trading, I emphasize that profitability is possible through various methods, but finding the one that resonates with personal strengths is key. Despite the allure of quick gains and the seductive narratives on social media, my unsuccessful ventures on the 1 minute time frame prompted a self-reflection on my decision-making processes.I identified a pattern of mistake making when having to act fast. As someone who doesn't deal well with making what I believe to be avoidable mistakes, this often lead to mistakes being compounded by trying to rectify the first and inevitably making further errors. Going through this vicious circle enough times it has lead me to favour the higher time frames for their consistency with my meticulous, scenario-based decision-making style.&nbsp;My need for thorough analysis and contemplation, was also evident in both my endurance sports endeavours and activities like golf, where consistency and patience reign supreme also supports a skill set more suited towards longer time frames.Ask yourself, do you play out 100 different scenarios, weighing up the pros and cons before making a final assessment or do you act first and deal with the consequences after? Maybe your answer will help you find your perfect trading style.<figure id="figure-ejt4z4ih7klugtv8d4"><img id="ejt4z4ih7klugtv8d4" src="https://cdn.durable.co/blocks/43YquLWDhbGdu8xZBqaX8HDUhzKU7IRNzrBZh052ZMJnbsih7lN6XnchVFHxHfeX.jpg" alt="fan of 100 U.S. dollar banknotes" title="fan of 100 U.S. dollar banknotes" class="object-cover bg-gray-100 rounded-sm md:rounded-md lg:rounded-lg" style="aspect-ratio: 1/1; object-position: undefined undefined;" data-corners="default" data-aspect="1:1" data-caption="Snowdon Ultra 2023" data-positionx="undefined" data-positiony="undefined" data-fullwidth="false" data-mce-src="https://cdn.durable.co/blocks/43YquLWDhbGdu8xZBqaX8HDUhzKU7IRNzrBZh052ZMJnbsih7lN6XnchVFHxHfeX.jpg" data-mce-style="aspect-ratio: 1/1; object-position: undefined undefined;"><figcaption class="body-normal text-gray-500 mt-2">Snowdon Ultra 2023</figcaption></figure>Revisiting my experience with discretionary trading, I recall a challenging phase of drawdown I encountered last year, which left me wrestling with doubts about the market's dynamics and my own trading edge. Was I merely riding a wave of luck? This period of uncertainty didn't sit well with my analytical nature. In a career where absolute certainty does not exist, my approach has always been to tilt the odds in my favour, seeking comfort in the statistical probabilities that underpin successful trading strategies. My professional journey, which was spent in some form of business and data analysis for nearly a decade, reinforced this analytical mindset. Even when I veered into sports betting, my approach was markedly data-driven, setting me apart from many in the field. Despite some people viewing my deep dive into data as a waste of time and pointless, I remain unfazed. I'm convinced that enduring success in the markets is predicated on robust data analysis. The most accomplished traders leverage data and proven strategies to sustain their edge. Moreover, I've observed a tendency among traders to attribute failures to psychological failings, often overlooking the absence of a viable long-term strategy with positive edge. This, I believe, is a misdirection. My own trading journey has taught me the transformative impact of integrating solid data into decision-making processes, marking a clear departure from reliance on intuition to a more evidence-based approach.However, it's crucial to acknowledge that even a systematic or quantitative approach cannot completely insulate one from the emotional ebbs and flows associated with trading. The journey is still littered with highs and lows, moments of doubt during drawdowns, and the frustrations that accompany failed strategies after investing hundreds of hours of time to no avail. Yet, it's these very challenges that underscore the importance of resilience, adaptability, and a deep-seated motivation that transcends mere financial success in the most competitive market in the world.This segment of my narrative serves as a reflective pause, a moment to gauge the strides made over the last few months. It's a testament to my evolution as a trader, a journey marked by enhanced execution and a deeper understanding of the markets. Yet, in this world, the stark reality is that success is often measured by profit and loss (P/L). By those standards, the year has been modest, with my P/L currently showing a slight downturn of 1%. This detail, while seemingly minor, is significant, serving both as a personal reminder and a lesson for those newer to trading. Achieving consistent profitability month over month is a formidable challenge, underscored by my own journey: a gain of 2.5% in January, a dip of 2.5% in February, followed by a 1% decrease in March. These fluctuations, though within the bounds of my backtesting projections, pose mental and emotional tests.<figure id="figure-0xmwad2t7klugtlr7n"><img id="0xmwad2t7klugtlr7n" src="https://cdn.durable.co/blocks/35AH9OSivYd9sUuo2SL41dMkzCnEBD7TvEdhugufPL17zHuyc3OoqeCngT4acsMZ.png" alt="" title="" class="object-cover bg-gray-100 rounded-sm md:rounded-md lg:rounded-lg" style="aspect-ratio: 16/9; object-position: undefined undefined;" data-corners="default" data-aspect="16:9" data-caption="YTD Performance" data-positionx="undefined" data-positiony="undefined" data-fullwidth="false" data-mce-src="https://cdn.durable.co/blocks/35AH9OSivYd9sUuo2SL41dMkzCnEBD7TvEdhugufPL17zHuyc3OoqeCngT4acsMZ.png" data-mce-style="aspect-ratio: 16/9; object-position: undefined undefined;"><figcaption class="body-normal text-gray-500 mt-2">YTD Performance</figcaption></figure>It's easy to fall into a trap of comparison, especially in an age where social media amplifies only the highs of trading successes, often obscuring the reality of the journey. It's crucial to remember that these snapshots are just that—moments in time, not the full story. The truth is, very few traders, even those a decade into their "full-time" careers, can showcase a consistently upward trajectory and record to prove it. The markets are cyclical; profits made during bullish periods can quickly evaporate in downturns. This realisation has led me to significantly reduce my consumption of social media content and focus on what truly matters: honing my skills and refining my strategies.This introspective period has reinforced a critical message for myself and one I'd like to share with others in the trading community: Success is not solely defined by external accolades or temporary gains but by the commitment to continuous improvement and the resilience to navigate the inevitable ebbs and flows of the market. The real progress, I've learned, comes from inward focus and dedication to one's craft, rather than the distractions of comparing one's journey to the highlight reels of others.No matter which trading path you choose, the notion of completely removing emotion from trading is a myth, and there's no straightforward journey to success. Each trading approach comes with its unique challenges and complexities. Remember, we're competing in the same arena as some of the most skilled traders globally. The market is unforgiving; it's a place where one person's loss becomes another's gain, a reality that underscores the competitive nature of trading. The sheer scale of operations by some market participants can be eye-opening, especially for retail traders who, in comparison, might feel like mere specks in an ocean dominated by larger predators.My ultimate goal transcends the pursuit of immediate profits; it's about laying down a robust foundation for a sustainable future for my family. As I mentioned at the outset, I believe I'm precisely on the right track, armed with clear goals and a vision. However, I'm under no illusion about the difficulty of this journey. Like any venture worth pursuing, it demands relentless effort and resilience. It's crucial to have a 'why' that goes beyond financial motivations—a deeper, more enduring reason to push through challenges. Remember, we've weathered every storm that's come our way so far. With a solid purpose, we can navigate any adversity. Here's to striving for success in the markets, for both you and me, grounded in a deep-seated commitment to our goals and the well-being of our loved onesThank you to those whose made it this far, if any part of this post has resonated with you or provided any value, please share with others<p style="border-color: rgba(229,231,235,var(--tw-border-opacity)); --tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; --tw-rotate: 0; --tw-skew-x: 0; --tw-skew-y: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-scroll-snap-strictness: proximity; --tw-ring-offset-width: 0px; --tw-ring-offset-color: #fff; --tw-ring-color: rgba(62,172,255,.5); --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; --tw-transform: translateX(var(--tw-translate-x)) translateY(var(--tw-translate-y)) rotate(var(--tw-rotate)) skewX(var(--tw-skew-x)) skewY(var(--tw-skew-y)) scaleX(var(--tw-scale-x)) scaleY(var(--tw-scale-y)); --tw-border-opacity: 1; --tw-filter: var(--tw-blur) var(--tw-brightness) var(--tw-contrast) var(--tw-grayscale) var(--tw-hue-rotate) var(--tw-invert) var(--tw-saturate) var(--tw-sepia) var(--tw-drop-shadow); --tw-backdrop-filter: var(--tw-backdrop-blur) var(--tw-backdrop-brightness) var(--tw-backdrop-contrast) var(--tw-backdrop-grayscale) var(--tw-backdrop-hue-rotate) var(--tw-backdrop-invert) var(--tw-backdrop-opacity) var(--tw-backdrop-saturate) var(--tw-backdrop-sepia); font-size: 18px; line-height: calc(28px * var(--body-fontHeight, 1)); font-weight: 300; font-family: Poppins, sans-serif;" data-mce-style="border-color: rgba(229,231,235,var(--tw-border-opacity)); --tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; --tw-rotate: 0; --tw-skew-x: 0; --tw-skew-y: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-scroll-snap-strictness: proximity; --tw-ring-offset-width: 0px; --tw-ring-offset-color: #fff; --tw-ring-color: rgba(62,172,255,.5); --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; --tw-transform: translateX(var(--tw-translate-x)) translateY(var(--tw-translate-y)) rotate(var(--tw-rotate)) skewX(var(--tw-skew-x)) skewY(var(--tw-skew-y)) scaleX(var(--tw-scale-x)) scaleY(var(--tw-scale-y)); --tw-border-opacity: 1; --tw-filter: var(--tw-blur) var(--tw-brightness) var(--tw-contrast) var(--tw-grayscale) var(--tw-hue-rotate) var(--tw-invert) var(--tw-saturate) var(--tw-sepia) var(--tw-drop-shadow); --tw-backdrop-filter: var(--tw-backdrop-blur) var(--tw-backdrop-brightness) var(--tw-backdrop-contrast) var(--tw-backdrop-grayscale) var(--tw-backdrop-hue-rotate) var(--tw-backdrop-invert) var(--tw-backdrop-opacity) var(--tw-backdrop-saturate) var(--tw-backdrop-sepia); font-size: 18px; line-height: calc(28px * var(--body-fontHeight, 1)); font-weight: 300; font-family: Poppins, sans-serif;"><img id="4nyrr79y74lugtzien" src="https://cdn.durable.co/shutterstock/2b42v54cy9UxLDLU1ffV9F1xHZCYgKakPEVj3uvYChU6oevqzBmPfFiounkWvBdv.jpeg" alt="Be kind whenever possible. it is always possible. 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An Update On My Trading

Kaizen - continuous improvement process, word cloud and hand with marker concept on white background.

In the world of trading, success is often seen as the culmination of big wins and massive achievements. Yet, as seasoned traders know all too well, the path to success is paved with countless small steps, not giant leaps. That's where the concept of "1 Hard Day" comes into play—a philosophy rooted in the belief that progress is best achieved through consistent, focused effort on one task at a time.I am a firm believer in the power of continuous improvement, or "kaizen" as the Japanese call it. I understand that the journey to becoming a successful trader isn't about overnight success or hitting it big on a single trade. Rather, it's about embracing the process of constant learning and growth, one day at a time.How often do we find ourselves dreaming of goals, only to be paralyzed by the enormity of the task ahead? It's a common trait among traders and dreamers alike—the desire to reach for the stars, halted by the fear of falling short. We set lofty goals for ourselves, envisioning the achievement of success, yet when faced with the daunting reality of the journey ahead, we freeze. Procrastination creeps in, whispering doubts and excuses in our ears, convincing us that the mountain is too steep to climb. But what if I told you that the key to conquering that mountain lies not in scaling it all at once, but in taking one step at a time? By breaking down our goals into bite-sized tasks and focusing on making incremental progress each day, we can chip away at the seemingly impossible and turn our dreams into reality. So let me ask you this: What's stopping you from taking that first step?The beauty of the "1 Hard Day" challenge lies in its simplicity. By breaking down our goals into manageable chunks and focusing on just one day rather than 100, we remove the overwhelm that often accompanies ambitious aspirations. Whether it's mastering a new trading strategy, honing our risk management skills, or simply maintaining discipline in our daily routines, every small victory counts. Embedded below are two graphics outlining the tasks for each day of our challenge. Take a moment to review them. Notice how each task, while not easy, is definitely achievable when we commit to focusing on just one at a time. This challenge isn't about taking the easy road—it's about taking the road that leads to growth and improvement. So, whether you choose to tackle one task or both, remember: every step forward counts.<figure id="figure-3aqrt2w4y7lt8ey9op"><img id="3aqrt2w4y7lt8ey9op" src="https://cdn.durable.co/blocks/2cUqHFvaClTBFM4KU6liAcdIR2hlTliHLgsLuY07SBbXHWujEfuJCD1Q3mcJz12T.png" alt="man and woman sitting at table using macbook" class="object-cover bg-gray-100 rounded-sm md:rounded-md lg:rounded-lg" style="aspect-ratio: 1/1; object-position: center center;" data-corners="default" data-aspect="1:1" data-caption="" data-positionx="undefined" data-positiony="undefined" data-fullwidth="false" data-mce-src="https://cdn.durable.co/blocks/2cUqHFvaClTBFM4KU6liAcdIR2hlTliHLgsLuY07SBbXHWujEfuJCD1Q3mcJz12T.png" data-mce-style="aspect-ratio: 1/1; object-position: center center;"></figure><figure id="figure-a0d2cud9lklt8ezqrt"><img id="a0d2cud9lklt8ezqrt" src="https://cdn.durable.co/blocks/33NwrENBiKXtoISVrxIBA1Gwu1EMd4CLQbo7UrHdz5Pn3GVB0JxUwWckHrxeO4z4.png" alt="pen, notebook, and smartphone on table" class="object-cover bg-gray-100 rounded-sm md:rounded-md lg:rounded-lg" style="aspect-ratio: 1/1; object-position: center center;" data-corners="default" data-aspect="1:1" data-caption="" data-positionx="undefined" data-positiony="undefined" data-fullwidth="false" data-mce-src="https://cdn.durable.co/blocks/33NwrENBiKXtoISVrxIBA1Gwu1EMd4CLQbo7UrHdz5Pn3GVB0JxUwWckHrxeO4z4.png" data-mce-style="aspect-ratio: 1/1; object-position: center center;"></figure>But perhaps even more powerful than the individual progress we make is the sense of camaraderie and community that comes from tackling challenges together. Trading can be a solitary pursuit, but it doesn't have to be. By sharing our journeys, supporting one another, and holding each other accountable, we amplify our collective potential for success.As the saying goes, "We go further together." By working together as a community, we can achieve far more than we ever could alone. The "1 Hard Day" challenge isn't just about personal growth—it's about lifting each other up, celebrating each other's successes, and learning from each other's setbacks.So, to all my fellow traders out there, I invite you to join me on this journey of continuous improvement. Together, let's break down our goals, support each other through the tough times, and celebrate every small victory along the way. Because when we work together, there's no limit to what we can achieve.Here's to making every day count.

The Kaizen Trader

Blog

From Conservative to Cash Cow: My Bold New Trading Plan U...

Finding My True Style

Daily Report Card - 9th April

Daily Report Card - 8th April 2024

An Update On My Trading

Embracing Kaizen: 1 Hard Day At A Time