First day of the system blog; A day of reasonably high volatility swings, always difficult for a day trade system with tight stops. In a day that would normally see day traders burned with these whipsaws, the system managed a small profit +£25
Today's Trading lesson: It was difficult for me when I first started trading: resisting taking early profits. It took me a long time to learn to think "probabilistically" and that most strategies (as I believe this system is) are fat tail systems;- relying on the occasional larger wins to bump up the profits. As seen today really; the £415 EUR/CHF profit against the smaller losses. The only remedy, if you find you cant stick with a system, is not to look- which I find easy to do now... too easy, some days I even forget all about my trades and forget to close positions!
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