Reset, Reset, ... Restart

in #trading4 years ago

As has been my "modus operendi" (what?), I blew up, didn't post, blew up again, again,... I really lost count. The point is, I am back to try to correct my habitual mistakes in trading!

Started a new evaluation today at https://members.leelootrading.com/amember/aff/go/salyer
The account I choose was the Aspire:

2021-03-09_11-49-17.png

I like this because both the profit target and trailing drawdown are the same.
The plan is to trade micros, (except with GC and CL - although I will limit those trades and quite possibly eliminate them altogether).
Daily Goal: $150 / Daily Stop Loss: $300

Really need to pay attention to the Daily Stop Loss and practice stopping once hit. I have come back big from very large deficits, which has been a problem in that, when I don't - is when I blow the account up! When I do, it is stressful. So I really think this part of my habitual trading has to stop!

As you can see with the image, total goal is $1,500, have a minimum of 10 days to trade, so no need to have a higher daily goal. Although, I went higher because I was able to get a great move... BUT I also need to keep in mind the trailing drawdown - something I forgot about in today's trading. Good thing is, trading micros is not going to be hit as hard with that!