My thought process.
As of now I stand at 35+ points, I will take it to 90+ points and then will implement the below strategy.
1. In the first trade of the day, I will trade two lots with SL of 35 points.
2. If I lose, no more trade for the day as this will constitute two losing trades for the day.
3. If I win (with whatever points, at least BE), I will take one more trade with just one lot.
4. Whether I win or lose this one lot trade, there would not be any more trade for the day.
5. As, this will make max. three trades for the day.
6. If I lose two, two lot trades in any week then only one lot trades post that in that week.
Time will tell how good or bad this strategy works for me. As of now looks motivated by greed because of four consecutive winning trades :-p
As of now I stand at 35+ points, I will take it to 90+ points and then will implement the below strategy.
1. In the first trade of the day, I will trade two lots with SL of 35 points.
2. If I lose, no more trade for the day as this will constitute two losing trades for the day.
3. If I win (with whatever points, at least BE), I will take one more trade with just one lot.
4. Whether I win or lose this one lot trade, there would not be any more trade for the day.
5. As, this will make max. three trades for the day.
6. If I lose two, two lot trades in any week then only one lot trades post that in that week.
Time will tell how good or bad this strategy works for me. As of now looks motivated by greed because of four consecutive winning trades :-p
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