I’ve navigated the market steadily for two months now. The real challenge is just beginning.
May and June were my best-performing months of the year. In May, my portfolio grew by SGD 49,049 (+8.94%). The focus in June wasn't on chasing higher returns, but on maintaining discipline. Looking back at my trading log, what satisfies me most isn't the profit or loss figures, but the fact that I consistently adhered to my established rules.
I realize that two months of strong performance can be just as risky as two months of poor performance. It is easy to become overconfident, leading one to blindly increase position sizes or execute trades that deviate from the trading plan.
For July, I intend to stay the course and make no changes:
Position sizing remains the same.
Risk management methods remain the same.
Trading strategy remains the same.
I will maintain rationality in my decision-making, free from emotional interference.
I am sharing these experiences simply to document my trading journey; it is by no means because I believe I have mastered everything. The market always has its ups and downs, and I am constantly learning every day.
After a month of strong performance, how do you adjust your trading strategy? Do you stick with your existing strategy, or do you reduce risk and recalibrate？