Disliked{quote} Hi hadox, thanks for caring and you are surely right about these points I also have to work on. But I think it is not the main point. I got much better results during the last months by looking for daily key levels and coming up with reasonable stops. Therefore, the MM got much better and I had stable profits during the last three months without draw downs larger than 9-10 %. The point is that the current loss was caused by NOT FOLLOWING MY OWN PRINCIPLES, and that is not acceptable for me. I was driven by fear and therefore got in a horrible...Ignored
to be honest I don't think you have a truly defined well tested strategy.. if you had, you wouldn't trade on emotions.. you would know your average winner, average loser, the best SL placement, max drawdown, trading hours, when to adjust your position, etc. If you knew that, you would stick to your trading plan no matter what, and I mean no matter what - because you knew that if you didn't, all those countless hours of testing would be a complete waste of time - ofc you could experience some nervousness when your placing your limits, but that's prolly because of your size..
IMO if you're trading strictly on TA, your strategy should be as "mechanical" as possible, avoid too much thinking/decisions.. then when you get more experienced mix it with FA/gut feelings..
not trying to sound smart, just my honest opinion Hickson...
catch you tomorrow
Patience is a virtue...