I keep seeing people use big lot size and make big profit with very small moves and I am threatened and tempted to do the same but if I do it, I will lose my account 😢
All trades moved well as speculated, but I could not let them reach tp because of the daily trailing drawdown on my account.
I cannot absorb a correction so therefore I have to take new trades at proper levels after market does a correction
I took a trade in Asian session and it didn’t go well it was a -E trade and as expected it didn’t go well
But I have take. These C+ trade sell on xau lets see if I can achieve 5% or more of my account
There is cpi today I won’t be trading it.
It’s a new week
The losses and profits of last week are left for last week
This week brings potential
We start from where we are now
I only know my current Balance and equity not what it has ever been or what it can become
Risk management is key🔑
God please bless my week
I am in another trade and I won’t make the mistake of giving back profits again!
But I will have to let this run because it’s just one hour into London session Rn
I will hold hopefully to NY session.
So I exited but I was pained because I closed everything with profit of $177 after reaching a pnl of $700+ the previous day.
Now I will have to change my trade management pattern to fit this new rule I have discovered
This is the trade right here
I am as holding the trade just fine and I was gonna hold it until it reached tp or atleast until price action on a 4hour time frame showed me there is a change in direction.
But yesterday morning I discovered the daily drawdown was trailing
I did same type of analysis for gbpaud and I entered because it broke above PDH and closed my sl is placed at a spot below previous higher low and if the market keeps trending up I am fine but based on the screen shot price just rejected the previous high so I might hit sl