I'm in the middle of a rough stretch here. Three down days in a row. One straight loser, another one that lulled me into falling asleep, and my account suffered TWO losers from that, and last night another straight loser. Needless to say, I am no longer up, even in my test account that shows what it would do if I were actually present to make the trade correctly. This is why you have to start with a certain amount of money - so you have a cushion. Especially when you are starting out. That is also why paper trading is essential.
I am also apparently choosing to feel more stressed about this situation, and I am handling that in ways I have been studying lately. The stress isn't necessarily a bad thing, though. It helps me to be on the lookout for additional trading plans to put into place in case this one doesn't workout. That, or features to add to this one that would make it work more often, such as I know one gentleman, Bill Polous, has a similar plan but goes off certain patterns in the chart. He also uses a volatility index to tell him how far away his stops should be. I like that feature. I like just trading using a particular time of day, because that generally keeps you from trading all the time, which I don't want to do.
One thing I know I am NOT going to do is pay a bunch for a complicated trading plan. Or a simple trading plan. The main thing I do like about the Forex Cash Factory is it's simplicity. The other thing I like is it's pretty reasonable price-wise. What I am truly looking for is the perfect combination of simplicity and consistency of effectiveness. I believe the consistency factor correlates with the simplicity factor, or lack there of. I would be willing to play with the system I am using, though, and see if I can add certain features that would lower it's simplicity at a minimum amount while elevating the amount of consistency at the maximum. This would be fun for me, and if I can achieve such a thing, I'm sure there are many people out there that would love to know about it!
All right - there is the thing that is outside trading that I could be looking for. Inventing a new trading system that is simple, reasonable, but but more consistent than just random or slightly above it. Well, it's not exactly outside trading, but it's intellectual material that I know people would love to find.
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