Another incredibly frustrating day, 3 wins from 6 but another 1 pip on the SL and it would have been 5/6
So, I’ve gone through a load of trade history and worked out my optimum SL, which I used today, but the ranges for the 3 losing trades were bigger than normal so I should have made the SL bigger or not traded them.
The trades were all at 1/1 so on paper a break even day but with spread and charges it’s a small loss.
I’ve amended my notes so I will have everything setup in future so I don’t repeat this mistake.
When I draw my boxes I will put a Long/Short position onto the range so I can see exactly how big the range is before taking any trades.
I have made notes so I know what the “normal” range is and if it’s bigger than that I need a bigger SL.
I need to be better prepared, I will focus on this in future.