Back in he sadle. Should waiting longer for CL but I traded according to plan, except for JPY I bailed out earlier and CAD was a human error.
I couldn't see signal on TF so let it be.
Summary : After a decent profit of $300 on London session, I was ready to have a maximum drawdown at -$200 today ($500 max losses - $300 profit).
And it gave me peace of mind. I just trade with no fear of giving the profit back. I lowered my BE when the CL went 20cent (usually I just bailed out there and have a nice $400 profit).
This time, I took my plan accordingly and reap bigger-than-usual profit.
Glad to see you back on track. Such a mental game. Keep up the great trading. And quick question for you. How much leverage do u use on the Cl ($ per contract traded). Just wondering. Going to go live trading here soon.
ReplyDeleteTq CC
ReplyDeleteMy initial margin for ES = $3250
I trade 1 contract per $10000. So if I got stopped out for $100 that's around 1% of my capital.
It's not importanct about the leverage. It's more important how much % per trade do you want to risk?
Thanks for that. Agree. That is where I need to start. Makes taking the trades mentally easier.
ReplyDeleteNice profit today!
ReplyDeleteTq RCM, wish u great trades too :)
ReplyDelete