2016028
Long 1 TF 1214.7, -1.0 simulator mode
Long 2 YM 18330, 18330, +7, +13 simulator mode
Short 1 TF 1217.7, +1.6 simulator mode
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Long 1 TF 1215.0, -0.0
Long 1 TF 1214.4, -0.5
Short 1 TF 1213.9, +1.5
Long 1 TF 1211.8, +1.2
Short 1 TF 1212.9, -0.4
Short 2 TF 1213.5, 1213.4, +0.8, +1.5
Total TF +4.1
Previous two days in a row losses triggers a Trade Plan rule. Must start out in simulator mode until can achieve 2 of 3, or 3 of 5 profitable trades vs losers. If achieved, can go back to cash. If not, must remain on simulator til end of frame, and start off on simulator again on the following day. This behavior governor becomes a potential stop-loss on a string of losing days, and is a simple way for beginners and those of experience alike to keep from blowing up an account. A whole week of losses means you start the next week on simulator, but must achieve 2 of 3, or 3 of 5 days in profits before returning to cash. Never try to play catch-up to losses. Losses are gone forever. You can't get them back. The only way to overcome losses is to regain consistency. Regain consistency, and eventually your P&L line recovers. Succumb to the pressure of getting even, and you'll only dig yourself deeper into a hole. Sometimes the markets are more difficult than at others. If your methods are not producing consistent profits, establish behavior governors in your Trade Plan that will stop you out before you blow out your account.
