Tuesday, November 6, 2012

Day's Anatomy- 5th November 2012

Drawing down (?!) the account, while not pleasant, doesn't bother me as much as the fact that I'm doing things differently compared to what I was doing while SIM trading. I look at my spreadsheet and see way too many trades with decent MFE (the opposite of MAE..) that were exited before reaching those pip values. There were various reasons for this but, to be honest, none of them were valid.

So I'm officially scared. Not of losing money, but of the uncertainty of my decisions (one of the cons of a discretionary approach).

Seriously thinking about returning to SIM with a higher "Pass Rate" necessary to graduate to live trading than I previously imposed on myself.

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