I don't think I will make it till wedding
Luke : Took some time to analyze your trades yeterday .( hope you don't mind ) Not to critique your method ..just was curious about the management .
#1 . Buy with 20 pip stop -20
#2 . Buy with 20 pip stop -20
#3 . Immediate stop & reverse ..some traders do it , but I would want a GOOD reason to change direction , not just because the last trade came back in my face .
This one went 30+ pips in favor before reversing ,I try to move to break-even as soon as possible , then maybe take some off .
Sell with 20 pip stop -20
#4 Immediate stop & reverse ( again see above )
Now here it gets interesting .draw down was about 7 pips and then took off for 145 pips !!. Maybe you were away or distracted ,but it was in profit for 11 hrs.( Take your profit or es/pip will take it from you ) A trailing stop is a beautiful thing .
Buy with 20 pip stop -20
#5 This was probably an overnight trade for you ..never made more than a few pips ..BUT the stop was 70 pips . Risking that much of your account is gambling ..don't you agree ?
Buy with 70 pip stop - 70
My whole point is that you must work on managing the trade ..
Yesterday COULD have been -20 , +10 , +30 , +145,+10 ..see what I mean ?
Not trying to beat you up man ..I want you to be able to give your young bride everything she desires .