Various Trades

Trading demo is definitely very different from trading live funds, that's for sure. Trading live funds, even at such small blips as I am currently trading, will do crazy things to you. I've been awfully off my game, albeit the difficult markets. I have been exiting out of positions early, taking trades early because I'm greedy, freaking out and closing without touching my stop loss and then see the move pan out. I am not moving my stop to break even soon enough. Basically, I am not following my trading rules.

For the past week, I should have been positive, or at least neutral, instead of down -0.35% as I am for this week and -0.7% for the month. I am overtrading, changing my mind, doing crazy things. I need to settle back to my routine and let that pan out.

I thought NZD would go down to 0.6780 and tried a swing trade, even though I like trading short. I exited out early, then retook the trade, even though I was not close to my stop yet. After that, I trailed my stop too close and never re entered the trade, then it dropped over 100 pips.

I exited out of a Euro trade early, then it moved just fine in my direction. I did not close my Cad long trade when I was up 58 pips looking for 60, even though we'd just taken out a high, and many more.

I took two positions at the same time, even though my  mantra is not to do more than one, as I am either long or short dollar.

I have to keep trading with the smallest size until I am back to my original level. I never expected to have such a losing streak, with 8 of the last 10 trades pretty much losers. This portion of my trading needs to be about learning and growing my account little by little. Eventually it'll grow and I'll be doing well, but I don't need to rush these things. My 3% weekly goal is attainable and just fine, no shame in that. I need to go back to that, even though with current trading size I'll be looking for something like 0.5% return per week for the foreseeable future.

I took 6-7 trades this week, while away from my computer, going off my phone, way too many bad things. Really disappointing to be in this funk. Hopefully I'll learn from this, at least I'm getting a bit better from what I was doing last week but still, not in my A game.