L.P.H.R.T.A.T.

Hey amigos,

This is my journal. Only my trades are allowed in this journal, sorry. Expected probability is around 20%. Payout is around 500% the wager. Risk per trade is 4% of account. Weapon of choice is ES. Only real-time calls for entry. Stops and targets will be set, when hit trade will be closed automatically.

The end.

 

S2036 sl2044 cover 1996

 

T1: -4%
Total: -4%

 

S2038.5 sl2046 cover 2001

 

T2: -4%
Total: -4% -4%

 

S2042.5 sl2050 cover 2005

 

It is tempting to cover here, but as it's low probability I have to hold for 20% reward (x5 the risk).

 

T3 -4%
Total: -4% -4% - 4%

 

How far back you back test? I never thought it made sense at all of basing reward to risk, cause charts will at times tell me to get out early.

 

I am discretionary, setups I don't like I ignore. Since it's not a mechanical process I tend to 'fronttest'. It works out, eventually.