Weekly result: 22+ 24 + 23 -15 -81 = -27 pips loss for the week Positives:
1) Entries have become more precise. Reading of the market has been better.
2) Never took more than 30$ loss per trade
3) I did not change the lot size at any point for the first time.
4) Very proud of some of the small losses
Negatives:
1) I took a lot of FOMO entries.
2) No plan in taking profit. Very emotional reactions when taking profit. Missed many opportunities to make big profits
3) I overtraded and took too many losses in one day.
4) Revenge trading.
5) Too emotional and anxious after entry and after seeing profits due to fear of giving back profits.
I will work on the solutions to these problems and do better next week.
Solutions: FOMO entries - Take limit order entries at the key candle Early profit-taking - Trail stops below the newly formed key candle. Overtrading, Revenge trading, Anxiety - Max 60$ loss per day.
- Take mandatory 30minute break after 30$ loss.
- Once in trade, look at charts only at the close of 30minute candle.
Losing my confidence with these losses. Had a bad buy earlier took small loss on that. And right now i am in sell which looks to be a bad sell. Price can just straight up go to 2250
Losing my confidence with these losses. Had a bad buy earlier took small loss on that. And right now i am in sell which looks to be a bad sell. Price can just straight up go to 2250{image}
Ignored
Dont wanna hold right now took breakeven again. -7 for the day
