I believe that's the way to go with your current account size and market volatility. Get bigger as your account grows.
Short /MES trade Entry price: 3897.75 Stop loss: 3910 Exit price: Still holding Looking to potentially add to my position at 3824...if it gets there.
Short AUD/USD Trade Entry price: 0.6311 Exit price:0.6322 Stop Loss: Stopped out Although the trade was meant to be a quick 1:2 scalp, my stop placement was way too tight. With the need for a wider stop, this is a trade that shouldn't have even been taken. As stated previously, I'm gonna switch to a swing trading approach (holding for a few days). Although the day trading formula is working and I'd hate to tinker with success, I do work a full-time job after all. And, what I find myself doing a lot of times is more or less re-entering the same trend. The EUR/USD for instance. I've been shorting it, but in truth, I would've been better off just holding my original short for the big down swing. My issue in the past when it comes to that approach has been patience. I'm gonna try it again but if I can't resolve that issue, then I'm back to what I've been doing.