Taking a break from ACTIVE trading for a month time

Taking a break from ACTIVE trading for a month time & will be doing some experiments.

1. Stay away from all social media during market hours i.e. Discord, Twitter, Watsapp etc.

2. Trade in BNF only (inspiring from twitter stalwarts) 

3. Reducing lot size to 1 from 10.. in my early days of DP trading i used to score very well.. 300-400 monthly.. couple of days back i prepared a simple excel to track points earned month wise and some parameters. Avg gain coming around 144 (so far for 2018). As i said before this is an experiment on myself how i do if i reduce position size drastically and give free hand. Based on results i have few plans to prepare a SCALE UP plan. 

Below is draft version of trade journal.

4. Trade in morning session (9:15 - 11 AM) & (2 - 3 PM) only.. unless a position running through out day on trend day.

5. Test my patience levels in not deviating to stocks,, specially at morning hours. Index trades are my strength.

6. One thing i am not doing well from long time is,, having a proper trade journal. need to explore more on it. I may decide to STOP using blog to document daily trades and restrict to share any good concepts learnt.

7. Spend some time to back test few of PA TRADING SYSTEMS on BNF (after market hours)

8. One thing i missed to explore properly in last time BREAK TIME is,, RENKO CHARTS. Will explore in this aspect and how i can utilize RENKO instead of candlesticks in future. I don't think i can scale up well by sticking to candlesticks for longer time. Its been a long time i struck with 10 lots for longer time. Though EOM results are looking good, lot of confusion and struggle happening during live market. I am hoping RENKO chart/system will solve this physiological burden to me. Idea here is to stay away from sideways range and trade trends alone.


Happy Trading!