DNA, RJ, George, Favorite
Some loose thoughts after one week of trading DNA's style:
Entries based on Genesis.
My target was 5 trades a day, 4 pips TP, 100 pips SL.
I had 25 consecutive wins where the DD did not exceed 25 pips on any of the trades.
Therefore, next week I'm planning to bring the SL down to 25 pips.
My thinking is that even with 1-2 losses per 25 trades, the end of week result should reach between 50-75% growth of the account balance (or 100% if I can repeat the same number of wins).
Does it make sense?
I would appreciate your comments and constructive criticism is welcome as I know you are much more experienced traders than I am
Some loose thoughts after one week of trading DNA's style:
Entries based on Genesis.
My target was 5 trades a day, 4 pips TP, 100 pips SL.
I had 25 consecutive wins where the DD did not exceed 25 pips on any of the trades.
Therefore, next week I'm planning to bring the SL down to 25 pips.
My thinking is that even with 1-2 losses per 25 trades, the end of week result should reach between 50-75% growth of the account balance (or 100% if I can repeat the same number of wins).
Does it make sense?
I would appreciate your comments and constructive criticism is welcome as I know you are much more experienced traders than I am
mind over matter