Still making similar mistakes. The biggest is not putting SL while taking a trade.
Most trade are PB trades which are going fine but I need to incorporate SL properly to see consistency.
Paper trades on 8E21S strategy is going superb. Since implementation of the strategy on 11/12, the success rate is 94%. The best part of the strategy along with my modifications is that the max loss on any trade can be 32 points per lot and the max win is unlimited.
The RR is 2.4
Paper Trades:
Nov Month : 28.5 Points
Dec Month : 119.5 Points
Date : Net Points (including all costs)
04/01 : 51.2 (Trade exit date).
08/01 : 301.1 (Trade exit date).
13/01 : 166.3 (Trade exit date).
19/01 : 148.1 (Trade exit date).
21/01 : 84.1 (Trade exit date).
25/01 : 2.1 (Trade exit date).
Jan Month : 753.0 Points
Date : Net Points (including all costs)
02/02 : 161.3 (Trade exit date).
04/02 : 122.3 (Trade exit date).
Feb Month : 283.5 Points
All I need to do is implement the same in my current plan or at least get out of trades @ 22 points. Have not been able to replicate due to a lot of biases however have to have a firm resolve of implementation alongwith SL management.
Date : Net Points (including all costs)
08/01 : 44.6 (Trade exit date).
11/01 : 106.1 (Trade exit date).
12/01 : 5.9 (Trade exit date).
13/01 : 150.1 (Trade exit date).
15/01 : 11.2 (Trade exit date).
28/01 : - 74.3 (Trade exit date).
Jan Month : 243.6 Points
Date : Net Points (including all costs)
01/02 : 47.8 (Trade exit date).
03/02 : - 60.7 (Trade Active).
Feb Month : - 13.0 Points
I missed my Jan target due to my poor trade management and am down in Feb due to poor SL management.
However, I will only get better from here.
I will achieve and exceed what I am aiming for.
Most trade are PB trades which are going fine but I need to incorporate SL properly to see consistency.
Paper trades on 8E21S strategy is going superb. Since implementation of the strategy on 11/12, the success rate is 94%. The best part of the strategy along with my modifications is that the max loss on any trade can be 32 points per lot and the max win is unlimited.
The RR is 2.4
Paper Trades:
Nov Month : 28.5 Points
Dec Month : 119.5 Points
Date : Net Points (including all costs)
04/01 : 51.2 (Trade exit date).
08/01 : 301.1 (Trade exit date).
13/01 : 166.3 (Trade exit date).
19/01 : 148.1 (Trade exit date).
21/01 : 84.1 (Trade exit date).
25/01 : 2.1 (Trade exit date).
Jan Month : 753.0 Points
Date : Net Points (including all costs)
02/02 : 161.3 (Trade exit date).
04/02 : 122.3 (Trade exit date).
Feb Month : 283.5 Points
All I need to do is implement the same in my current plan or at least get out of trades @ 22 points. Have not been able to replicate due to a lot of biases however have to have a firm resolve of implementation alongwith SL management.
Date : Net Points (including all costs)
08/01 : 44.6 (Trade exit date).
11/01 : 106.1 (Trade exit date).
12/01 : 5.9 (Trade exit date).
13/01 : 150.1 (Trade exit date).
15/01 : 11.2 (Trade exit date).
28/01 : - 74.3 (Trade exit date).
Jan Month : 243.6 Points
Date : Net Points (including all costs)
01/02 : 47.8 (Trade exit date).
03/02 : - 60.7 (Trade Active).
Feb Month : - 13.0 Points
I missed my Jan target due to my poor trade management and am down in Feb due to poor SL management.
However, I will only get better from here.
I will achieve and exceed what I am aiming for.
