Daytrading Currencies

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It was a bit of a struggle today... not happy with result.. i have to tweak the trade mgmt.


+206.22 USD


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Well, it wasn't my best week, i didn't trade too well Monday and Tuesday, 2 of the last 3 days of the work week were uneventful which is good.

I might reduce the size or trade more conservatively the second half of the month...i want to stay in the black until the end of June...

I'm about $300 away from the equity high.


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Quote from Instant Karma:


I might reduce the size or trade more conservatively the second half of the month...i want to stay in the black until the end of June...

I'm about $300 away from the equity high.
More...

1) Limiting beliefs
2) Preoccupation on account equity.

and
3) are you really confident with your strategy....
 
Quote from TRS:

1) Limiting beliefs
2) Preoccupation on account equity.

and
3) are you really confident with your strategy....
More...


Limiting beliefs?..I'm aware of those..i don't see how it applies to my post..

Preoccupation on account equity? hell yeah ! it's foremost on my mind, it's called "Preservation of Capital"...it's about time i do the right thing..

...or you're talking about the "$300 away from equity high" bit?..i agree it shouldn't matter..

Are you really confident with your strategy?.. No.. if i was i would be COMPLACENT.
 
Quote from Instant Karma:



...or you're talking about the "$300 away from equity high" bit?..i agree it shouldn't matter..

Are you really confident with your strategy?.. No.. if i was i would be COMPLACENT.
More...

$300 from equity highs. You getting T/A divergence on your equity.

Complacency would be not following your strategy. S/L etc.

Your strategy has edge then trade every signal allocating capital as strat dictates.

Not doing this, you invite limiting beliefs. In this case you're interfering and playing the calendar, not the market....

If you're seeing evidence to cut your size or step down from the markets take break for the remainder of June

Just thoughts from an outsider looking in.

You have positive equity return so you're ahead of majority @ET
 
Quote from TRS:

Your strategy has edge then trade every signal allocating capital as strat dictates.

Not doing this, you invite limiting beliefs. In this case you're interfering and playing the calendar, not the market....
More...

Thanks..that was helpful.. Actually your post prompted me to get up and grab a book by Mark Douglas and re-read some of it... "Trading in the Zone"...
 
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