Started the week with some good trade, meeting my daily target of 25 pips. Once the 25 pips target had been met, I continued to trade and grow my surplus. The fund maybe in the same account but I kept a record of how much surplus I had daily. I saw my account grow progressively and almost doubled. I think I became competence and on my second trade of the last trading day of the week, Friday, I failed to cut my losses early resulting in a loss of 100 pips. OMG! at a greater lot size some more. So it's back to square one for my account.
After my appointment, I went back home and took a few trade to reduce my damage for the day. I managed a few pips late into the early morning, but again my last trade before I felt asleep is still floating with -26 pips. I shall close this trade when the market open again and start afresh.
Debrief - I had allowed competency to set in on me and failed to cut losses early to protect my capital. Apart from that, I had gathered from my past few weeks trading that Friday may not be a good day for trading, hence I shall reduce my trading days from five days to four days, Monday to Thursday. Friday will be for my personal time and leisure, though some trades can be taken but must end and close before 1800 local time. This is to prevent having any open trades to be left over the weekends.
Taking from another point of view, though I ended the week with negative result, I am very sure that it is of a case that is different compare to the past. It used to be in the negative for whatever reasons, but now I knew exactly and also understand why I ended in negative, not just blaming myself. Also, I find that I am better at getting profitable trade these days compare to the past. I had definitely been trading better, and equip with these skill set result will only turn positive in the long run. Of course, I will continue to learn and gain experience to make better decision and to trade better.
For now, I shall take a good break over the weekend, freshen up myself and do my research to prepare for a better weeks ahead. ;p
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