Saturday, January 27, 2007

Trade analysis of my Worst day


Well, I didn't have any losing days all of January until Thursday. I was trying out a new strategy of scaling into trades, but I was on the wrong side of the trade. I lost about 4pts on ER2 with 2x as much size as I normally would when trading because I was trying out the new trading idea. Also, my stop placement was 4pts, instead of 1.4pts, which made things really bad. I have a lot of work to do this weekend on analyzing my trades, and I'm excited that I will make some progress in understanding things to become a better trader.

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