As the year ends in 20 days, I clicked the "Purge" button. 2017 might be the year I would never forget. It's the year I chose to become a trader. The year that I wiped out mostly of my portfolio. As I close this year, my YTD is -73%. Yes, you see it right. I lost 73%. I lost twice of my monthly salary because of my ignorance in trading.
Maybe trading is not for me. Maybe Ms. Market hates me. I was wrong. I traded thinking only about the reward. I was blinded by the green port snaps. I suffered from the common disorder called "FOMO". I traded without a purpose. I traded without a system. I traded without a single bullet.
At first I thought that if I copy other trader's strategy, I would get the same results. I was completely wrong.
Few days/weeks ago, I watched some videos and FB lives by lodi Cosmos Kairos. He shared to us the proper way of back testing and developing our own system. Thank you for sharing sir.
He was wiped out before, also lodi Kidlat and my crush Celeste. Those wipe outs led them to strive harder and focus on improving their trading system. Now I feel motivated. If they can stand up after stumbling down, I could too.
What I'm going to do now is read again boss Zeefreaks' blog and learn his trading setups. And then do the back testing. And finally come up with my own complete trading system.
If I could complete it until the year end, I would restart again with 100,000 pesos portfolio. I would apply and execute what is in my trading system.
My objective now is not the profits, but consistency. I want to achieve consistency on my trades.
I'm also looking forward to learn more on the next "The Rift Live" in Singapore next March. See you guys there.
Let see if 2018 is my year. Merry Christmas and Happy New Year to all.
