Tuesday, May 1, 2018

54% loss. Time for a new strategy!

So the key mistakes I think are:

1. Risk reward ratio too high at 10:1. I'm gonna aim for 5:1. 10% profit per trade.
2. Intra-day scalping strategy is what killed me, so maybe establishing an equilibrium isn't too advisable.
3. A new strategy is to trade off MACD crosses on the 1-day timeframe only. Then let those positions breathe. I'll probably aim for a 1:3 R/R.

Watch this space! Trade safe!

Yours,

X

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