Friday, 30 October 2015
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.
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