My Trading Is Flawed

It's crystallized at i time that I possess got some other compulsive demeanour inwards trading. First in that place was averaging (adding novel seat inwards the direction of previous that is inwards the loss) I averaged too averaged, in that place wasn't twenty-four hours without it. Somehow I managed to larn out it behind past times trading amount margin (so in that place is aught to average amongst whatever more). Then came moving stops (widening). I couldn't stand upwards terminate existence hit, then from pocket-sized initial terminate some trades run to 5 times bigger stops. Now I compulsively function into then many trades too select pocket-sized losses on them all inwards the anticipation of large run. Big run that volition embrace all those stops too brand some net on top. So i time again today I had 22 losing trades inwards a row too i scratch. Average loss on them was 3.7 pips, yous produce the math. That's only unacceptable.

I take away to abandon trading without clear setups. All this today were anticipatory trades inwards which I attempt to grab large move. I don't possess got clear scalp setups. There are no setups that I run into or wishing to take, but I merchandise anyway. Sometimes that large deed comes too all is golden, but on days of smaller hit in that place is no existent move. So I'm left amongst my numerous pocket-sized losses. That is non the means I desire to trade.

So lastly I decided to purpose max daily loss of exactly about 20 pips. It's non to preclude large losing days, but to preclude my heed from looking for that saviour trade. It wouldn't affair if it comes or non because it volition live to late. It volition live unpleasant at first, but that's the point. I await that it volition wound then I volition non produce it again. I actually don't possess got a occupation amongst getting stopped on a merchandise inwards which I believed too larn daily terminate that way. But if those nonsense trades select daily terminate I volition live in all probability plenty frustrated to live wiser side past times side day.

-47 pips


s crystallized at i time that I possess got some other compulsive demeanour inwards trading My trading is flawed

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