+26.2p in 24 trades
Had it not for that trade that won 99.9p, this would have been another bad week.
Then there are these two trades...
I shorted near a support level, things were fine until price suddenly dropped aggressively.
FEAR of losing money caused me to cut my loss, and then FEAR of missing out made me chased the price. What might have been a +30 turned out to be a -87.
Trade #1 below was profitable, but was rather lucky to be profitable in short time? Shorted at a key number level of 2000 and took a profit of 18p. Had I aimed for more, might miss it and need to hold for much longer time.
Trade #2, SL was only 13p above a key level of 2005. An easy target for stop hunting. Should have had higher margin above 2005, and it would have been at least a breakeven trade, or a profitable one if I had the gut.
Trade #3, was trading a 3-line strike, but it's not strictly a qualified pattern because the bullish engulfing covered just under 50%. Seemed unlucky to have missed by pips, but it shouldn't have been a trade if I was cautious.
Trade #4 was influenced by Alex, who reminded me that a long was possible on the verge of data release. What a bull!
The next trade was telegram-called.
Trade 5, 6, 7 were plays after data release, capitalising a day support of 2005. Trust the range?
Then, there were a few "mistakes"... including one that clicked on the wrong direction, curious SL that's not big enough...
Overall, not a terrible trading week because at least I could feel in touch with the market.
I practised more cautions, gave more patience, but still had moments of FOMO.
I was too cautious in setting TPs in some trades, especially US sessions.
55% win rate wasn't bad, but wins were small, and losses were big. Same old problem.
What could have made this week better?
- wait for retest and confirmation
- aim for bigger TP at US sessions
Grade? B-
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