As I mentioned, once your account grow above your emotional threshold it is very hard to control yourself from closing too early or becoming too greedy.
What I did for last one year is built an MS Excel file that inputs
- High & Low of my setup
- My Current Account Balance
- My Entry & Exit
- Individual ROI of each instrument
- Percent change of my positions
and calculates the NET ROI at any given moment based on live data feed from MT4 over DDE to Excel.
Now, I don’t need to worry about the actual amount regardless of my account balance and profit amount its all looks the same.
Done.
PS: The snapshot is just a summary there are around 12 sheets and over 9 months worth of work hours that went into this to bring out one value… The NET ROI.
Filed under: Random Thoughts
