As long as whatever method works for you, call it whatever you like.
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Scaling in and cost averaging are the same thing as I understand it. Pyramiding is adding to winners.
I agree with you.
Off to a good start this week. However, trade time will be limited. Family coming into town. Grandchildren have a way of making me forget about the markets.
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Golf course called me in today, so I set TPs at “getable” levels…and they all got em.
A good day for sure.
Overnight was unkind. Trading while exhausted is about the equivalent of trading while intoxicated. The entry was fine, in fact I probably could have exited at a profit at one point. Then I fell asleep…without tightening my SL. It proved costly.
We had a strong start to this week, so this is not catastrophic…and I don’t get upset over mistakes. Let’s see if we can make a comeback prior to the Golf Course needing me again.
Ah okay that makes sense. This is all on that same pair right?
Yea, I’m trying to figure out a good scaling in system that makes staticical sense I guess. But the way I trade, market structure is involved, so maybe I have to see what structure could be in the future if my trade goes my way, and then decide to scale in.
Yup been there done that.
Tomorrow will be the 1st day this week I will be able to trade without outside world interruption…maybe. The week itself has still been pretty good though
I know there is not some wicked force that puts up barriers to our goals…but it reaally seems there is something that does not want me to break 50% gain
Did not get called into work…no unexpected calls. Just a day of trading. I even went to the Golf course and hit some balls during the doldrums. Awesome day!
The Grandkids arrive today. Trading will be spotty at best, but Nap time (theirs not mine) should provide some opportunities.
Roller coaster of a week. Good Wins, Bad Losses…Grandkid Hugs and kisses.
Overall, everything is moving in the right direction. This is the halfway point of my 8-week experiment.
This week was the lowest percentage gain vs original deposit, but still better than original goal. Might have to revisit expectation goals. Using the position tool is also introducing “compound” to trades…trade by trade.
Off to a good start…
Got the itch but cannot scratch it. Woke up this morning with no active trades running and nothing even close to being in range for Strat. Guess I’ll go play with the grandkids for a bit and check back in an hour or 2.
Side Note…other than Welcome to the forum messages, I am currently refraining from posting on other’s Topics. It appears that unless you agree with them 100%, they can be…“Moody”. I am trying to avoid the drama for awhile.
Uggh…I forgot that with Visiting Grandkids comes visiting superbugs. They all went home today but left behind their colds.
Due to feeling like absolute garbage…I’m running an experiment in Demo rather than trading real money.
Selling Gbp/JPY at 194.37 with TP at 192.91