That's why you buy first pull back, or sell first reaction... With backtest, you can find a tighter stop or a more profitable profit target. You will surely find it useful..
I need to focus more with psychological issues. If I am winning on a specifiy day I am trying to max out the gains. If I am loosing I am trying to make all back at the same day (which more often than not turns out to be a big minus day). 02/12/07 +20.6% 02/13/07 -42.8%
02/14/07 +14.5% About 10% have been made in the first part of my trading session yesterday. The big DD on tuesday could have been avoided by stopping trading at a specific minus point or after a negative trading result series or after taking a long break. One trade can influence the next trade. Past emotions influence future emotions.
Today was a good day for me. 02/15/07 +21.4% I am back on track with 2.1% daily gain since 31 trading days.
02/19/07 +54.4% (trading on non-US-market) I am at 66.95% of my initial bankroll since I lost big at the start. Next target is to get back to 100%. The target is to achieve 2% profit vs. the account balance each and every trading day.
02/20/07 +14.7% 02/21/07 +14.3% 02/22/07 +10.9% Account is at 97.26% of initial payroll. Average growth is 4.2% since 36 days.
02/23/07 +13.8% I am at 110.82% of my initial payroll making money! I averaged 4.5% per day (sample size 37). Maximal taken risk was ca. 40% of the account today.