DislikedHi Snowly,
Your advice are very candid. I like your style
By stimulants I hope you are not referring to coffee, coz I drink 2 cups a day. Lol.
Yes. I need to avoid targets. I kept telling myself 1% a day. And I think it distracts me from my trading.
I just found out the evil about p/l yest. Oanda shows you your realized p/l all the time. And it's highlighted in red! Nothing works better to distract your trading then those numbers from the past... So I created a new account to start on a clean slate. I will only look at margin used this time round.
I...Ignored
Never add; just rescue, but don't add. If you planned from the beginning to scale in, it's fine. But if you're just adding(you know when you do), that's bad.
eventually leave the scout in place after rescue, but that kinda should be it(bar obvious outside events). Or, any rule you set, eventually leave abit more, abit less(whatever you know it's right - you know better).
But don't beg by trying to bite everything. That's revenge(on yourself, the market still doesn't know you're competing with it); you were on the other side, big deal, that's that.
and since you're talking about your "current situation": don't be a soldier(I presume you had a loss). I'm a soldier; I'm the perfect soldier. Hit me 100 times, I still get back. It's bad - you'll just keep hitting the same ceiling. Contrary to life, ambition alone won't cut it here. Don't overanalyze, because, to quote fti, you'll lose your balls; but if you just got slapped, get abit back to see clearly what happened. Don't just stand up and jump to have another go at it. Don't panic, don't get scared, but don't be a mindless bull either.
p.s. - coffee is a life necessity not a stimulant