Two months ago my wife and I retired from Ireland and landed in Portugal. Ah! thought I, after 12 years of part time home trading, I can now really concentrate on putting some substantial crusts on the table. Wrong! I figure the long expected market crash is due right about now. All the signs are there so it should be a simple matter of selling major Indices and currency pairs. With a relatively small IG index trading account I am very much aware of risk management. So why am I consistently loosing money even with 25 pip stop losses? For what its worth I use no Indicators and trade what the candles tell me on Month, Weekly and Day time frames and use 10 & 15 minute charts for entries. That’s it!
Any thoughts would be appreciated.