Stop Cherry Picking Your Trades

Title is purely to tell ME what to do, not what other traders should do.



I do my prep on the weekend to ensure I am buying the strongest/ selling the weakest currencies.



During the week I often get 4 setups occurring at the same time and instead of taking them all, I take one that "looks the best" and usually ends up failing and avoiding the other three which invariably hit their PTs.



Not only is this causing a negative PL but it is also giving my strategy incorrect readings KPIs as I am not fairly distributing equity into all the edges it provides me.

Observation? Add it to your F***ing Plan!

R-3 this week over 3 trades, so fine in terms of risk management.  However with losses come lessons. Mine were...



1. Observations must immediately go into plans.

2. Kill any trades that are not in profit after 3 bars close.



More in vid...