I had a 2 bad trades today not from selection and entry, but from moving my stop loss and not trusting my instincts or the chart. I got distracted at work, and then I had a phone call that also distracted me.
It is not anybody else’s fault. It is my fault. I clicked the button and moved my SL. Even lost some traction. I am not upset. I see this as a learning opportunity and it gives me confidence. I am looking at a chart and the VWAP correctly.
3 Asian Session scalps:
1 BE: https://www.tradingview.com/x/lve4TkPZ/
1W / 1 L: https://www.tradingview.com/x/auEIQbvT/
FOMO from trade 1 led to loss on trade 3. Oversized due to lack of patience is a driver.
2 Back to Back Losing Days - Risk Management
A lot of folks experienced their first back to back losses this week and some folks even blew their accounts. I wanted to share a risk management plan that I follow to recover from the drawdown with a mathematical edge. Hope this community can use this plan as a template for their own risk management.
Cheers! Happy Trading!
