Such bad trading and it is as simple as that.
*Update* - After going over everything again & again I've discovered what is the main source of my poor performance the past week or so. - Lack of Focus - Of course lack of focus can take many forms and lack of focus as a problem means nothing unless I get specific.
Specifically, lack of focus has been hurting me the past week regarding my chart analysis. Usually, when I've been performing profitably I only look at 2 charts once my long-term S&R lines are set. However, recently I've allowed myself to frequently flip time frames while trading to search for something that isn't there .... a guarantee. Paradoxically the more I stop looking for a guaranteed win the easier it is to go on long streaks of nothing but wins.
Back at it tomorrow. Once my long-term S&R lines are drawn on the chart I'm locked in on my two preferred time frames. 30sec & 5 sec. FOCUS.
what happened at 6:50? the stop was at 7 pips and the time in trade is much longer than you use to be.
ReplyDeleteA lapse in judgement where I allowed my mentality to slide from trading into hoping.
ReplyDeleteI must be very careful over the next few days to not allow recent mistakes to compound into huge mistakes.