5-6 October Live trading
Today is most worse day in my challenge carrier.
I made a lot of Emo trades, and at the end of the day, when i loaded platform to fill my trading journal i saw some move on EUR and jumped in it. I averaged down..2 times. Then price came back and i closed at BE.
But in several minutes i pushed button and entered new trade. This time price went up sharply, i added one full position and one half. Then i had good moment to close it for minor loss of -2,5% but i waited..market went up. I was loosing nearly 100 pip. I went to sleep with open position, and made alarms on price. Alarm didn't triggered, so i took my laptop and monitor the chart. I was so exhausted, so emotionally tired and killed. I was frustrated, i told my self that it is possible end of my trading carrier if i couldn't manage risk properly.
Next day i woke up, checked price - no move at Asian night. Then price traveled south and i close 40% of my position with loss of 3,62 %. Then price went up again.. I was down 100 pips, i went to ride a bike.
Then i called my friend and he told me that price hit my TP. O...great. I had nearly - 25% !!! floating negative PL. It's more that i made for 2 months of live trading. I risked all, with no plan, with gambling approach and with the hot head...I was at tilt 2 days. I don't know where and when i would cut my position if price go against me significantly. So...theoretically i would have a margin call. It's painful to know this fact.
So i need have STRICT MONEY MANAGEMENT RULES:
1. Risk per trade - max 1% (till new year. Then it can be 2% per trade)
2. Risk per day = 2R, or 2% (tillNew year). If it is hit - stop trading and close your platform.. Don't try to recover losses this day!!!
And also i had put sell stop order by error at 5 October and didn't saw it. It was triggered and i catch on more loss for 0,92%.
I thank God, that he helped me to live this difficult day. I know it's bad to pray if you had bad postilion. But i ask good about discipline and never never violate my money management rules.


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