Accumulate, about 20 to 30 trades from here, and of course it’s going to take a while, because for the past two to three months, you have only taken three trades, which means that either you do not have the time to look at the market too regularly to find opportunities, which I believe there will be opportunities. It’s just that maybe you didn’t have the time to look through them or it could be a matter of because your trading horizon is longer. That’s why you only look at longer horizon opportunities which don’t happen so often.
So this is a thing that you will have to accept and deal with. If you do not have the time, if you take a longer horizon, you will take more time to accumulate the number of trades for you to reasonably or reliably analyze your strategy, analyze your workflow, analyze the series of trades to see what is your expectancy, okay?
So that part, I suggest you be patient. Okay? Importantly, what’s more important, again, as I always like to mention, your work and your family comes first.
If you have the time to dedicate to this, to improving your skills and competency in trading, that would be fantastic, but do not sacrifice your family and your basic work that you need to do to earn a living and then spending more time on trading while sacrificing those other two things.
So again, continue to apply. Hopefully in another few months time or maybe by the end of the year you’ll be able to send me a spreadsheet “Hey Philip, I’ve done 10 to 20 trades and this is the outcome, this is the expectancy, I’ve done a review and this is how I feel I could have done better.” And maybe by then you would tell me “Now I think that I’m in the right time to learn how to use trailing stop-” Okay?
“…In order to maximize my returns and start from there.” So be patient, be progressive and keep taking action, even if it’s one small step at a time, doesn’t matter. Just don’t stop, and just keep applying.
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