Hello, if you’re new, read about my mission, strategy and risk management here. Otherwise, let’s crack on with the data 👇
⌚ 1 minute summary
A real good end of the month for the DOW (still going up)!
Of course the home-buying admin is still not over, even after moving, so I missed on a great trading week… but not on the week after! Plus we’re very happy, love our new home, and now I will definitely have more time to focus on trading 🔬.
Let’s roll with the results for the last 2 weeks (I didn’t write an update last weekend again, soz):
Manual trading: +1R / 0.6%
Semi-automated (EA/bot): +6Rs / +3.6%
Details in the trading tracker 👇
🤼♀️ Execution VS Strategy
Semi-automated trading (EA/bot - 15m chart)
I couldn’t believe it when I checked!
Damn the AE is good, the only thing is... that kind of trading is so intense I’m not able to sustain the pressure, the ups and downs, the mental toll it comes with. 🤷♀️ I truly hope I will manage to automate it more so I can run it without having to interfere with it in the future. I’m yet to look at the cost, and it might to be re-done from scratch given everyone’s ditching MT4 as a platform.
Live manual trading (simple 1:1RR strategy)
I took a trade last Tues after a bit of FOMO kicked in. I mean, look at the bullish move the previous week! Not great to jump in late, but I was lucky to recognise a good pattern and did not hesitate. I set the trade and left, once I returned it was closed in profit 🥳.
Forward-testing (Supply & Demand / higher timeframes)
No trades.
📆 Weekly reflection
If you’ve been following me for a while, you know my goal is to trade funded money. And now that we finally managed to buy our home, the focus is on getting funded.
My prop-firm challenge account is all set-up and ready for MT5 (there’s been quite a change in the industry so essentially I’m re-starting as my old account has been migrated).
I’m going to implement some tips and tricks I’ve learnt from my favourite trader ever (check his YT here - no affiliation). One of the things I will do is increase the risk on the trades 😱 (else it will take forever to pass), BUT I will also be very selective.
That’s a wrap for now, have a great week.