Just funded my account with IG U.S.
I am fully prepared for the unexciting trading of the daily NY close. I have been working diligently on “flat-lining” my emotions.
Will be using @Trendswithbenefits MA w/ Dinapoli Stoch.
Setting Monthly/Weekly levels based on consolidation and ADX extremes.
I don’t want to be camping in front of the monitor, spending evenings endlessly analyzing charts and over trading/leveraging.
Unfortunately, with a micro account, percent risk will be on the higher side, hard to trade the dailies without that happening.
Based on account size max 2 trades open at a time. I would be more apt to increase initial trade size on a pullback than open a separate trade.
I have to be vigilant about SL and TPs as these have been my downfall on demo. Letting winners become losers and let losers live too long. I understand the “Needs room to breath” philosophy… but I had too much room, more like a few rooms or a whole house. Literally can’t afford to do that with a micro account.
That’s all for now. Will update when I have money on the line.