GBPUSD Long +25pips 0.1 Lots, +40pips 0.1Lots

The closing of positions earlier makes it hard to account for how many pips one makes. Making some pips and securing profits gives me some peace of mind, and in this case helped me to hold the rest longer, but I'm not a huge fan of this approach, I think I'd rather just frame trades in 2:1R and be done with it instead of struggling through the motions for hours to get something done.

Anyway, onto the trade: went long at 1.2475 looking for 1.2560 as an objective. It went to 1.2530 and gave a lot back so I started to get nervous, I never know how to manage the position when this happens. For this time around, I decided to take out something with a favorable move, and leave the rest so I could practice.

USDX was choppy at this time but cable looked stronger and I thought they'd take out 1.2530 but did not see 1.2560 happening anymore.

Even though having some profits felt good, I didn't want to see what I had evaporate so I closed when I got some retracing move. Eventually, 1.2530 was taken out but given the time of day I felt more comfortable just getting out there.

After a month and a half of demo trading for real, unlike past experiences, I feel much more comfortable with my plan. I just need to start framing trades with better risk reward, or at least holding for it as right now I tend to close positions erroneously. Any loss for the full stop of 2% risk takes me out considerably, while I usually make something like 1.5% per trade.

I am ready to go live with my trading in April and feel very comfortable with the approach I've managed to finding setups.