I got my week started later than normal this week due to President's day so I figured the first thing I should do is update my thread starting with main points that I would like to cover this week and why then work off that.

Here are my main goals for this week:
1. To study in general overall BO knowledge (being redundant with websites and wherever I can get info from) -Why? becuase I need repetition to learn and I want to be a subject matter expert.
2. To Hammer out the specifics of my overall strategy this week so that I can have a dry run next week before going live.
3. To learn about NADEX and their instruments. why?- because as a legit broker for a trader who wants to be in this long term it would be a mistake in my opinion to not make an attempt to be a least familiar with it.
4. To familiarize myself with Spot forex and Equity options. why? because I believe these to be staples in trading outside of BO and I want to be Full time one day, trading is what I want my career to be. So in essence if i can use another basketball analogy I need to learn to have more than a jump shot... I need to learn to go left, post up, and play D if I ever plan on moving past amateur status.

As far as what I need to actually get done as oppose to learn is:
1. Continue to paper trade and test.
2. Come up with a schedule to fit my new trading schedule.
3. Come up with write down and work towards execution of 3 main goals in trading for the rest of the year.

I will update on my findings on all of the above at the end of the week with a progress report sometime before.

Happy trading all

Hey everyone,

My intention was to have put up a posting in between this and my last one and I apologize from not doing so but life got a little hectic as well as my mental and emotional process. In testing I had one day that wasnt the greatest (2/5) and let that along with my now lowered % ruin my trading week. Im going to tell everyone thats reading.... That is a HUGE problem!! For one 2/5 can still be profitable if your MM is right. Second for no reason should one session or even a group of bad sessions harm your hard earned confidence as well as your strategy. If need be tweak and observe how your strategy correlates to the market and how it reacts but DO NOT GIVE IT UP without conclusive information that it will NOT work for you. So my mindset (and the fixing of it) has been a major thing I have been working on all week but I think its just as important as any other aspect in trading.
To supplement for missing a post last week I will do 3 more this week with updates and before I end this post I would like to give a few bullet points on some things I picked up throughout the week and will get more detailed as the week goes by.
1. Set practice/Paper trades before live everyday before going live.
2. Set different strategies for different conditions from everything from trending/ranging to touch vs. boundary vs. high/Low.
3. I will get MUCH MORE detailed in my findings by the end of the week but as far as Nadex it appears to be a different ballgame as far as the approach although somwthing that as profitable BO trader should manage. Also Spot forex(from the standpoint of someone who knows nothing about spot) seems to be more geared toward profiting on the numberical value of the changes in the currency pair where with binary profit is set and more about the actual "movement." Although like I said I will learn a little more and be more clear by the end of the week.
4. Never feel guilty about having to walk away from the chart even if its for a period that could span a week or longer. I would rather get my mind together and not make any money or progress in any area but personal enrichment than to lose money.

But that is all for now, I will be speaking to everyone here again real soon.

Thanks,
Jay

I have just started trading and the two words I put on my monitor to remind myself are PATIENCE & NO EMOTION . I have found both help me from making bad trades. I think more before i make a trade.

Jay;new myself and following your posts I see you are maturing and making progress THAT IS GREAT!!you seem like an honest young man and I wish you great success.Your goals are similar to all of us.TAKE A BREAK WHEN YOU NEED TO BUT NEVER GIVE UP!!Waiting for your next post.
luck to you

@Kw210 thanks for your support and I hope we can continue to learn together.

Hey everyone once again I have had another long pause in between posts that has been unintentional. Not to make excuses but illness, life, and a realization of measures to be taken have delayed me but I anticipate this to be the last pause like this. But I apologize because everyone reading deserves better.

Ok so on 04/17 I got 2/3 Trades ITM for a gain of $18USD My total current 24option Balance is $257.

Ok so first things first I am Lower than what I was at my last post, obviously.
these are the top 3 reasons why.
1. I got impatient.
2. When I missed a trade or entry point once, the next time my standards were considerably lower.
3. revenge trading.

All of these are self explanatory and since then I have remedied and still am tending to my faults in what has been a complete lifestyle change

for those of you who feel that if you obtain 70% and will be set for life understand I get most of my trades and am about 70% or higher BUT if you are not complete as a trader.... MM, overall know how, psychology you may be setting yourself up for a harder time than you have to

To give an update on where I am mentally and as far as generally: I have composed as stated before basically a total habit change, where I feel that I need to head back to the drawing board and expand on my knowledge not just on trading but areas that will create a more centered self. I feel that in order to make a life changing move in my life I cannot stay the same...but thats just me.

Primary focus at this time (learning and development) All charts

Ok guys as usual ill be around so if any questions let me know, sorry for the wait, and God bless.

Until later today guys,
Jay