Trade taken, posting to keep myself accountable w/early closes.
Good morning
- Joined Mar 2008 | Status: Member | 1,460 Posts
Good week in terms of money management, letting trades run to TP/SL, etc., just couldn't pull it together with the trades.
-1%
First trade of the week EJ short. First attempt was stopped out, second went to 1% (R1) but was stopped out at breakeven.
Second trade of the week was UJ. Nice call on direction but I can't say much for how price surged through levels before dumping to well past my TP. Ah well, some times they fail
Lastly, GBP/CHF. First short attempt was stopped out by 1.5pips, ah well. Second one ran to TP.
Cheers
- Joined Mar 2008 | Status: Member | 1,460 Posts
Ending the week +3.5%
Should have been a 5%+ week for me but I still can't follow my own <insert expletive> trade plan & hold for TP.
Excellent week in terms of market calls, money management and I will give myself some credit for holding trades (two trades held for nearly 200pts each). However, as profits increased, my risk aversion increased as well.
I'm taking a hiatus from weekly updates for the rest of May in an effort to turn this ship around.
Have a good weekend
Should have been a 5%+ week for me but I still can't follow my own <insert expletive> trade plan & hold for TP.
Excellent week in terms of market calls, money management and I will give myself some credit for holding trades (two trades held for nearly 200pts each). However, as profits increased, my risk aversion increased as well.
I'm taking a hiatus from weekly updates for the rest of May in an effort to turn this ship around.
Have a good weekend
- Joined Feb 2009 | Status: Illegitimi non carborundum | 3,679 Posts
Closed +80
Illegitimi non carborundum - Noli pati a scelestis opprimi.
- Joined Feb 2009 | Status: Illegitimi non carborundum | 3,679 Posts
My first $500 day.
Congrats
........Ahem ......Beer's on you tonight
Illegitimi non carborundum - Noli pati a scelestis opprimi.
Over the last few weeks, I've placed variable risk (.5 to 3%) vs my standard .5% or 1% per trade, depending on the perceived strength of said level.
In control, yes. More risks than usual, yes (3% in this case) yet it was part of my game plan going into the trade.
- Joined Mar 2008 | Status: Member | 1,460 Posts
That's very good money management. You'll go far that way
- Joined Mar 2008 | Status: Member | 1,460 Posts
Congrats
I'll be over in Seattle for a photo gig in two weeks (Aug 19-21), I'll touch base with you prior.
