What really is trading?
If you really think you are certain. Well, everyone has a chance to lose no matter how good your strategy is. You can never be that certain.
I like to think that I am playing in a casino. Yes, you can call it betting or anything. I put my money and try my luck for the day. If it works well enough, if it doesn’t well enough. I know I ll not go bust at the end of the day.
I put half of my capital in a trade. If there are 2 simultaneous trades that go wrong for the day, I lose 1%. Well, that’s basic risk management.
i take more when i win. everything else is a fight between me and myself.
snippets from today’s journal. increasing targets to 2R.
edit: deleted pnl. i do not believe in exposing pnl. It’s meaningless.