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The CLQ/LWR (Cut Losses Quick-Let Winners Run) system
_I decided, I will set a VERY SMALL target for the day and see if I can achieve that consistently.
_If I reach the target, I will stop trading for the day.
_For now I set my target to 10 ticks
_Clearly, I am leaving so much money on the table. But, at this point I don't want to be concerned with this.
_My primary focus right now is to,
1. Cut losses quickly (under 4 ticks per trade)
2. Be able get to 10 ticks per day fairly consistently
_Found it to be a very tricky day to play.
_Price correlation with CD delta was a off. This was very confusing.
_On a positive note, an area I feel I have improved a little bit, is being selective with the trades I take.
_Although my win-rate was higher, my losses were bigger than my wins
_This is a reminder to cut losses as soon as I know I am likely wrong. I should not wait hoping price will turn around.
