Finally the first Phasing-In-Account Trade after a long waiting period.
Trade 01PH / 2023
Continuation H&S pattern seem to be a bit of a identification problem.
But I took this under the premise that there is probably a pattern here if I see it as such one, that the entry signal is the lwast important part and from the perspective of expected patterns per market per year it seems appropriate.
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One thing that starts to bother me more and more are my max-risk money-management stops. They seem to be inapprpriate at times, or at least suboptimal. It appears to me that it is too much of an attempt of forcing my will on the market instead of letting the market lead.
I'm thinking of setting stops on the foregoing day's high or low in every case, and maybe also lowering the minimum r/r from 2 to 1.5 if that really seems to be the better way after this year even if it meant risking more portion of the account per trade.
"Thou hast been faithful over a few things, I will make thee ruler over many things"
The following user says Thank You to MrMojoRisin for this post:
