Took 10 trades with only 3 winners but ended up net +22. Again, it's about controlling the losses and keeping them small. I am still having trouble keeping hard stops in place. This is going to burn me sooner or later. I have enough capital in the account to now trade 2 contracts at once. I would like to be able to book enough profits on the first contract to let the second one play out with a wide stop. I need to concentrate on entries that have concrete stop ideas.
A GDP report came out (11:30) while price was hovering around R1 (4687). This provided the opportunity for two good short trades which provided for most of todays profit.
Took 10 trades with only 3 winners but ended up net +22. Again, it's about controlling the losses and keeping them small. I am still having trouble keeping hard stops in place. This is going to burn me sooner or later. I have enough capital in the account to now trade 2 contracts at once. I would like to be able to book enough profits on the first contract to let the second one play out with a wide stop. I need to concentrate on entries that have concrete stop ideas.
A GDP report came out (11:30) while price was hovering around R1 (4687). This provided the opportunity for two good short trades which provided for most of todays profit.
No comments:
Post a Comment