Bad week, -119p, with a win rate of 69%
However, also at least 3 trades that were profitable because I closed early enough, otherwise would have been losses.
Big individual losses are still the culprits, twice hitting SL of over -100p, twice more over -30p.
One -155p here:
It came right after a salvaged trade which saw a floating -100p became a +20p profit, took 7.5 hrs from 1pm to 8:30pm. I had the feeling that after dropping over 100p from the day high, it's a good time to buy.
It wasn't.
There were also several false hopes along the way, with long pinbars hinting that a bullish reversal might be on the card. It's a bad situation, but it'll be too harsh to say it's a bad trade.
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Another -133p here:
Bought at a key level of $2000, with a stop loss that covers the next key level of $1990. Turned out the support was as low as $1980 instead.
In hindsight, even a 200p SL that covers both key levels wouldn't have been sufficient to turn a profit.
Another bad situation.
One lesson learnt:
There might be opportunities to recover losses after a big losing trade, but it's important to keep emotions in check while doing a recovery.
Grade: C
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