Hi folks,
Yesterday I was;
1- Testing some minor modifications I did in my trading setup.
So, I wasn't paying attention to trading.
2- Testing a minor modification I did on TRO Dynamic fibs.
So, I wasn't paying attention to trading.
3- I included into TRO RAT Setups, my old scalping setup on M1 and above all the tick chart.
So, I wasn't paying attention to trading.
4- I was too exited with last Monday having a big ROI.
So, I wasn't paying attention to trading.
5- I felt from right the beginning that I should be doing all of that on a DEMO, but because I do not use DEMO accounts, I thought it would be a new experience to my learning process with new feelings that I never had, with new setups, with new approaches, and all working with REAL MONEY. Yes, real money, makes a lot difference.
So, I wasn't paying attention to trading.
And the results are astonishing.......... 30% account DOWN ........
The setup was for price to go down from 1.3500 or there about a SHORT entry to get about 10pips.
On the 1st trade I was wishing price would go my way, got scared on the 3rd candle (2nd green candle) and closed position.
On the 2nd trade the 2nd green candle moved so fast on its last 20 seconds that I had no time to close it before SL hit.
On the 3rd trade I was waiting price to get to 5pips +spread to move to BE+3. Never happen, and price moved so quick again that hit SL.
Isn't that good that I have a SL?
So, in resume. I was MIXING my old scalping technique with the RAT. NOT GOOD MIX.
My Old scalping was for 1 pip or more, moving to BE+1 as price its at 2 pips if broker allows.
I was trying this time to get 10 pips or more with the MIXING, but both setups don't mix.
I was even ashamed to report this loss, but, I thought you newbies should learn also with others errors.
IF YOU TEST, USE A DEMO ACCOUNT.
Here is the graph.