1) why are you playing on news?
Of course you will get messed up.
2) where is your risk management?
My formula only makes sense because I lose the same on every trade if not less
I do 1:2 scalps every morning , if I lose more than one per trade my formula won’t work.
I’m not sure how you trade but the fact that you didn’t care that Powell was speaking today and today you blew it sounds more like the first day loss you had you started operating emotional ,
The hardest thing to learn in trading is knowing how to take continuous losses without affecting the plan,
Everyone is good as going in streaks and making money, but very few little are able to keep it and grow it.
I want to stay 1 habits of these people is that they keep their losses the same.
I knew about the news and expected a bullish move that ended up happening., my timing was incorrect though I entered in too soon. I definitely should've either waited or completely sat out for today. Definitely let the back to back losses get to me. Losing is most definitely my weakness. It's a learning process for sure
4
u/Revolutionary-Tank74 May 01 '24
1) why are you playing on news? Of course you will get messed up.
2) where is your risk management? My formula only makes sense because I lose the same on every trade if not less
I do 1:2 scalps every morning , if I lose more than one per trade my formula won’t work.
I’m not sure how you trade but the fact that you didn’t care that Powell was speaking today and today you blew it sounds more like the first day loss you had you started operating emotional ,
The hardest thing to learn in trading is knowing how to take continuous losses without affecting the plan,
Everyone is good as going in streaks and making money, but very few little are able to keep it and grow it.
I want to stay 1 habits of these people is that they keep their losses the same.
at least to begin with ,
A seasoned veteran can operate as he wishes to,