24(!) trades (12x2) today, 6 winners, 14 losers, 4 at break even. 130 pips lost. -14,78% on account.
Today is the last day I allowed such a drawdown. -5% should be the daily max and trading station shutdown should be mandatory after this.
1 comment:
Jesse
said...
In my view to be a successful trader, it is very important that we tackle bad days; it’s not possible to get perfect days all the time, it’s all about handling the worst and that’s how we will succeed. I am lucky that no matter it’s a good or bad day for me, but with OctaFX broker, it’s all amazing due to their low spread of 0.2 pips, high leverage up to 1.500 plus smooth trading platform where all my trades are executed instantly.
"When i trade at home, I often watch the sparrows in my garden. When I feed them bread, they take just a little piece at a time and fly away.They keep on flying back and forth, taking small bits of bread. You will never be able to shoot a sparrow, it is just too fast. That is the way I day trade". M. Weinstein.
"Μηδείς αγεωμέτρητος εισίτω μοι την θύραν". Plato
"Toute lucidité est la conscience d'une perte". E. Cioran
There is nothing to sell on this blog. No signals, no "systems" for sale. Just my trading plan and the recording of my trades on eur/usd and the fx euro future recently. And the books, the music, the films I like.
The Forexbird is a professional currency trader. He is also photographer and engineer, a maths and music addict and curious about everything.
Almost a lucky trade in post-NFP session. Price had compassion for my large stoploss and resumed down to give some gains.
Risk Disclosure
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The author is not liable for any loss or damage which may arise directly or indirectly from the content of this website.
1 comment:
In my view to be a successful trader, it is very important that we tackle bad days; it’s not possible to get perfect days all the time, it’s all about handling the worst and that’s how we will succeed. I am lucky that no matter it’s a good or bad day for me, but with OctaFX broker, it’s all amazing due to their low spread of 0.2 pips, high leverage up to 1.500 plus smooth trading platform where all my trades are executed instantly.
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