Risk per operation: 1%. I have an Excel where I register each trade, with reason of entry, result and capture. It helps me not to fool myself. This morning I opened long in EURUSD at 1.0828 with SL at 1.0805. Closed in 1.0856. Good trade, although I endured it with fear.
Afraid of a winning trade? That works over time. I am now more afraid of losing trades.
Most of you don't even have a plan or a log, with discipline, sooner or later, you can tell the difference.
Che, do you use any specific patterns to enter or only PA in areas? I find it hard to validate an entry without an indicator.
Don't kid yourself, no volume, you're operating with a covered eye. I added it and changed everything.
Thanks for the contributions. I do not use volume yet, but I write it down to study it. My tickets are based on structure breaks and rejection candles in key areas. Today I jumped the SL at GBPUSD -25 pips. Early entry without clear confirmation. Error I write down: I did not wait for the confirmation candle in H1.
That's the good thing about this diary. You show mistakes, not just the right ones. Here you learn more from an SL than from 3 TPs.
Good analysis, but sometimes confirmation never comes. We have to accept that the market will not give you security. It is a game of odds, not certainties.
Losing to hurry is classic. I now force myself to wait for candle closure. It sounds simple, but it costs horrors.
I congratulate you on documenting your failures. There's a lot of scavenging in this subforum that only raises green screens.
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