I am by no means a beginner nor a professional, I have come up with my own strategy and always used a fixed SL and TP. After back testing it proved pretty successful. I had a few good days and my 1st week was very profitable, nearly up 18% but I have no idea where it went wrong.
All of the time I stuck to the parameters of the strategy and like I previously said, used a fixed SL and TP. On a post the other day, somebody recommended I found my own SL and traded at the volume to meet my risk management, however after spending one trading dy with it I really didn’t feel comfortable so I reverted back to the fixed SL and TP.
Sometimes the markets just don’t move in the way I want, I accept that but for a strategy to consistently lose, I have had my confidence shaken in it.
Could anyone offer any advice or steps, even some motivation techniques, I want to stick to it as I consider it my baby that I have spent many days building up and testing (all manual)
Very much appreciated