So after my first loss in the latest strategy (1 trade a day), I tried to mix it up by increasing the number of trades per day. I went on a 9 trade win, and hit yet another loss. I then tried to adjust my TP to 5 pips instead of 2. 1 win and 1 loss. And now I'm back to square one.
I think this just validates 1 thing - overtrading is a problem for this high risk strategy. I gotta stick to 1 trade a day. Next, I think I'll incorporate a double down approach to deal with losses. E.g. holding a large enough account to trade on 1 contract, but when I lose, trade 2 or 3 contracts to get back the losses, before reverting to 1 CO tract.
Profits would be slower, but perhaps more stomachable? Trade safe!
Yours,
X
No comments:
Post a Comment