An unstructured and poorly executed end to the week, where 3 unplanned divergence set-ups (2 of them on NFP Friday) all cost pips.
Result for week; 76 pips and 0.5% growth in the account...
...which could be worse (i.e I'm still up on the week) but had potential to be so much better had planning been more rigorous and execution more considered.
So, how to progress ? Well, from now on...
1. Only planned (articulated here) trades, based on known (backtested) probability will be attempted.
2. 1% account growth will curtail 'live' trading for remainder of week.
3. I will be extremely cautious about entering trades on a Friday.
Saturday, 7 February 2009
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