Rick's Journal

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September 1, 2024 at 10:44 am #102308

RichardKoziel
Participant

After a bumpy start to the month. I had to rearrange my brokerage account screen to display percentage profit and loss columns only and move any dollar value related columns off the screen (out of sight out of mind). It is amazing to me how a dollar value has a mind numbing effect on me yet a percentage value much less so. I guess it is the way I am wired?

Momo 1 -0.2%
MR 1 – 2.5%

Working on “Being One with my Systems” …it is a work in progress

September 1, 2024 at 11:23 pm #116300

smurfki0808
Participant

I hear you, most people react to big $ movements, but less so to a %. Many learned people here will say to focus on the process, and the dollars will look after themselves.

September 2, 2024 at 11:13 am #116304

RichardKoziel
Participant

Thanks Sean,
Since I turned into a Systematic Trader ( 4 plus years) I have been keeping track of when I have and when I have not followed my systems.

Followed Rules +Profit $
Followed Rules Loss $
Had Rules but Late Action
Not Follow Rules +Profit $
Not Follow Rules – Loss $
No Real Plan or Vague Rules

Early on was my worst none rule following or being late was about 15% of the time. In the most recent year or two it has only happened twice. So I am getting a better handle on it. But I must keep my guard up at all times. That is where the tracking kicks in and holds my feet to the fire.

Have a good one Rick

September 3, 2024 at 12:05 am #116310

smurfki0808
Participant

That’s a systematic way to track your progress!

The trickiest one is “Not Follow Rules +Profit $”.

Every rep of following my rules, is a good rep. I try to remember that. At least that way, I know I’ve done my best to execute the system.

Cheers
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