Tribute to Brooks

Discussion in 'Journals' started by padutrader, Jan 26, 2021.

  1. padutrader

    padutrader

  2. padutrader

    padutrader

  3. DevBru

    DevBru

    Nice last trade, but why are you scaling up so aggressively?

    You started trading 2-3 0.01 lot sizes on a $4500 account, now you are trading 2-3 0.5 lot sizes on a $5000-$5500 account.

    You are over leveraging again and it might give you a confidence boost when you are making money, this is the exact reason why you keep blowing out your live accounts.

    Reduce your size, there is no need to make 5%-10% profit in one trade. Slow and steady wins the race.
     
    #483     Feb 22, 2021
    padutrader likes this.
  4. padutrader

    padutrader

  5. padutrader

    padutrader

    thanks for that

    i really have to work on that aspect of my trading..in demo you can do things.....

    but i am really trying to get some sort of method into my trading......

    system implies rigidity.....but yeah some sort of system
     
    #485     Feb 22, 2021

  6. I do. It seems to be working - i just sim trade for now until I refine my market reading though. Im still fairly new to trading so I am also refining how i trade on sim too. Ill be live soon though.
     
    #486     Feb 22, 2021
    Onra likes this.
  7. Follow through
     
    #487     Feb 22, 2021
  8. easymon1

    easymon1

    7:30pm AUD
    Goods Trade Balance
     
    #488     Feb 22, 2021
  9. maxinger

    maxinger

    AUD is usually immune even to the major economic data release.
     
    #489     Feb 22, 2021
  10. padutrader

    padutrader

    nowadays volatility on data releases even NFP....has reduced considerably..
     
    #490     Feb 22, 2021