Today was by far the worst day I've had scalping yet.
I started off pretty good, getting up to +7.5 pips, then I went on a series of horrible trades.
First off the market was super choppy and of low volatility, I was assuming because of the up and coming news release at 4:30. Well, 4:30 came as I sat on the sidelines, nothing happened, so I checked the release, it was bearish. Seeing as how the price was sitting at a level of resistance, I figured this would be a great place to jump in short. This ended up burning me bad.
Next I took a couple of botched Gann crosses. It had lots of fakeouts. I shouldn't have been using that as a sole entry signal...
One thing that actually did work was a triangle breakout. This ended up setting me near even, but still a few pips shy. Because I added in on this position and it payed off, I for some reason fell in love with the idea and started adding in to everything. This lead to my ultimate demise.
Finally, I hit the wrong button. Instead of closing a winning trade, I accidentally added and ended up really screwing myself on it.
I was planning on going up a price tier if this week went well, but I'm going to cancel that right now, I'm not ready to move up.
I'm also contemplating if I should have a max stop loss for the session (ie: -20 pips) so that I pack up there because I'll be emotionally compromised and end up trying to trade my way back to positive. This also helps because consider the following situation: I'm -17 pips, instead of thinking like I did this morning "Oh, I really need to jump in and catch back up", I would be thinking "I've got 3 more pips before I have to pack up, I need to be patient and look for the perfect opportunity".
This was a cheap lesson to learn at such a low tier, and I'm glad it happened here and not later.
I suppose we can't know victory until we've truly tasted defeat.
Tomorrow is another day.
Stats:
Net Pips: -32.4
Trades: 15
Winning Trades: 6
Pips/Trade: -2.16
Win %: 40
Keine Kommentare:
Kommentar veröffentlichen