Forex Losses
The market was up when I went to bed, and down when I woke up.
Swinging the Other Way
My writing has been focused on the stocks in my Upcomers Challenge. I also have a 20K Bootcamp challenge open with The 5ers, still in the first stage with a $5,000 account. Everything was up when I went to bed, and the positions reversed sharply at some point during the London session while I was asleep. I woke up to a loss and the account is now hovering around $5,000 where it started. I’m still a ways away from the drawdown limit and back where I started, so it’s like a clean start, right? I still have the lessons learned, and still have the account. That’s the important part to me.
The Irony
When I was reviewing these trades on TradingView, I had several other potential setups highlighted with the forecasting tool that were all profitable, but I hadn’t entered them. I’ll review those trades alongside the losing trades and see if there were any differences in the setups and rules that I can learn from.
How I Can Learn
I’m trying to become a confident and consistent trader. To me, consistency means executing the strategy without bending the rules, forcing trades, or rushing entries. I have logs of my trades, but I don’t have good logs of the setups I mapped out but didn’t take. I should take the same notes on those setups as I do on the trades I enter. I might be missing valid entries on profitable trades, or I may be avoiding bad trades that don’t quite meet the rules anyway. I have a good memory, but taking notes is a better way to learn.