Not the best today as my losing trades consisted of 1 trade that was opened on 24 Aug 2024, closed today and a new careless trade that was opened without proper thought.
The entry candle is a large elephant bar that is suggesting that price is going South. However, this trade meets absolutely zero of my potential trading strategies that I am allowed to trade which is totally against my rules. Further I was on my phone when I made this trade which is scandalous trading behaviour.
There was also a trade that I had made on 30 August, again a trade on GBP/CAD.
The trade from earlier today was a continuation trade to add to this trade immediately above. This was actually a good trade but I was eventually stopped out on it. Quite disappointing but that's trading. This entry was a good entry.
The lesson of today was really that I shouldn't have added another position to this trade as my profit taking rules on the first trade had not yet allowed me to move this trade to break even. My new rule is that I cannot and will not add to a non turtle trade unless the first trade had reached profit taking, which would have triggered a move to break even. If that was the rule I wouldn't have taken the extra trade on this.
The net trading results from today are outlined below:
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