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after receiving some recomendations from @mfbreakout about the size, and the relation with equity and target i decide to not continue the 450k 45lot test, i need to decrease the max size, then i think it will be better change the parameters.
450k target 20k max daily loss limit 10k max dd 20k max size 15 20 days targeting 2k in winning days to average 1k per day.
La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
i m doing a forex challenge SIM, then it require to study new things, open the mind, and test other things.
i am using w/d charts and 60 min to trade. i will let open the positions, i thing this will be more relax
i was studying the leverage, lots, spread, etc
and also i can see all the charts as pairs, i will put the focus on similar relations with futures
i select the pairs with similar fut 6e,6b,6c,6a,6n, and 6j but this inverse
i apply the warning with leverage
practice to read the charts, and take decisions.
La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
i am finding I am consistently :
tend to be counter trend
closing too soon nice positions
when i see my hypo is wrong , i hold and hesitate and i finish holding a big losing position with 3 consequences:
1 loss$
2 lost of others opportunities
3 lost of the same opportunity to reverse
4 wasting time waiting
5 i am risking too much, specialy when i want to fix a mistake
6 i am not able to decide what side go
La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
mike, first of all
thank you very much for your interest, time and effort to try to help me
secondly, i would like to congratulate for your cl trade, i was remembering when you enter at 107 announcing the 84 target, and was reached the other day
and regard your questions,
i do not have a fixed number of trades, but thinking on that, in the last test where i was building a position, maybe 2 or 3
but there s days than i can make 10
i change the directions, when i find myself on the wrong side, but later i realize, i am on the wrong side again, and reverse again...then my conclusion is i do not know where the direction is
La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
at first i have started with less instrument,plan to trade future related pairs, building the positions, i reach 117k from 100k, but then severals things happens to me, i increase the size on the entries, i use too much leverage, i got hitted 3 times margin calls closing all, and the slip down, was unstoppable, overtrade, holding overnight big size, when the end of the challenge get closer, i try to recoup, and increase the stupid things i was doing, i try to catch the opportunities in the 16 pairs, one there, one here, chasing, acomplete nonsense
instead of stop, emotional decisions take over
lesson: the bad things can start quickly
La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
today i made a trade
trade5, fantastic, i entry, manage, addup, scale out, addup, flat
it is not the size, i use small, in this, but the focus, the manage, that was fantastic,
it could be better, entry before, exit later, etc, but i think this is my best trade
i was thinking how i can do something like this, and i think it was very good!
also the day was very good 3xdailygoal
La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
