Hi, I'm a futures trader-I have some money longer term in stocks, but just spare a little for futures. Intra-day trading.
I am trading reasonably well, getting many profits, but am hopeless with stops and get the regular large loss that limits my success. I'm trying to eliminate this pattern of holding on to bad trades, then when I get consistency will scale up to 10-20 contracts a time.
I am looking for help to work through my methodology when placing trades, and using stops. If indeed I have developed a bad psychological approach as a result of these losses, then I still can fix it easily by the correct actions each time.
Here's a graph showing my last two weeks.
Any help would be appreciated.
here's the graph