+320 back to account highs, holding for a break up cost me, never swing for the fence. Getting there, end of the year full time sounding promising, honing in on my setup, repeat, repeat, retire time. Up trading time next week.
Pretty sure this is exactly the same setup I was trading 4 - 5 months back when I doubled the account pretty quick, hopefully my trip around the world just honed my skills, crack exiting at a loss, not to quick not to late, get the perfect balance and RICH BABY!! PROGRESS, me happy!!
No time today, Windows update knocked out 40% of the PC's at a client, had to switch off auto updates and reinstall 4 PC's after wasting hours trying to fix them and also same time builders knocked out 2 network lines arseeeee!!! Windows 10 users, SWITCH OFF your autoupdate, disable the Service. Method looking sweet, trading coming along, atleast 1 thing is going well in my life!!
Up 125, last trade jumped 150 seconds after i exited, damn it! Keeping it simple, not reversing strong or counter trade moves, not being greedy and letting it turn into a loser. Feeling natural and second nature finally, about time to!
Dodged a bullet, range turned to downtrend, -30 +65 so +35 better than a loss, got out to be sure, didnt get setup for back down. Waiting for next setup! Tad emotional, was 150 down briefly at tipping point, takes 10seconds to close 2 positions, no 1 click close all
Impatient on that entry, need a rule to stop that, tried to koin uptrend, move selling far to strong, eventually got me out, selling as it went up, 3 position total value -10 got lucky. Saw -400, 2 position max fool, nearly started killing it -200 area
That last post, I never hit send on, hours ago. Highnsight, I got LUCKY / well random chancey and had a near BE Exit, need to still do better long term I feel. Ways to improve.... 1) Tight Loss control!! 2) Letting profits run more, so make $600 occasionally to offset $600 being lost occasionally. 3) Really liking Envelope 5sma 0.03% currently, to create a pause and wait for Momo to stop, before playing a reversal and also entries along the way of Trend moves.
Time to reflect on todays, method and logic....... Thinking, slightly wider, 0.05 and 0.10 rather than .04 and 0.09, fits better, current market anyway. Liking the look of the Envelope 5sma 0.03%! When I take trade at 0.05 level and it moves to 0.10 level, with spread I'm approx $100 down, kinda scarey, then double up, puts me into get out quick with a small profit mode, when really I should be holding for more. 3 Positions, DEFO to many for account size, got to limit myself to 2 position, might have to move funds to a dummy holding account within the main account to stop this, sadly don't get margin called to till account hits zero from the look of it, so can't use Margin as a auto SL Work, sleep, ride bike at 7am, work 9 till 1pm, ride home, school run, more work sucks to be me!! no trading till 4pm+ damn it, not risking tablet on the bike.
Still not happy, method works but exposes me to too much downside potential. So..... Envelope 5sma 0.03 great quick current momo range, kicking ass. Envelope 13sma 0.06, the 5s fall back and a good range. Trying to move into single position, takes too dam long to kill 3 trades, and more on joining and letting momo ride, ie bigger single profits. Constantly evolving as i learn, can i trade live? Find out soon.