A good week.

Trading has carried on in the same manner as I left off in my last post, and I am really happy with the way things are going at the moment. If someone was to ask me what has changed in the last couple of weeks, I wouldn't be able to tell them, but something obviously has, and I have hit a new level of consistency. I think all the things I have been learning over the last few months are finally becoming part of my subconscious, the thought processes needed to trade successfully are being ingrained.
Mark Douglas was right when he said no-one can tell you how to trade. Stock phrases like "cut your losses" and " let your profits run" are kind of obvious, but to actually understand what they mean in a real trading context, you need to experience the situations for yourself, experience the feelings that a losing trade gives you, and get over the emotional response. I think maybe that has been the leap forward I have made, a lessening in the fear, along with more trust in myself to do the required action in each situation. You would think that fear would be a good response to have, it would stop you from over-exposing yourself to the market, but it actually stops you from taking opportunities that present themselves. If you take more opportunities as they come, and deal with each one appropriately, without hesitation or emotion, whether its cutting out, closing, or letting it run, then you should be well on the way to learning how to trade.