I have challenged myself to make a 100% return on investment ROI On 28/10/21 day trading the stock market using plus500 for my brokerage and uk.investing for my charts which display Hiking Ashi candlesticks and support and resistance.
Welcome back, Last night I gave up on it all and never wanted to trade again, I got cross with myself and logged in this morning determined to make some money and did my usual over traded and lost three trades.
I keep on getting too emotional with it all which in turn makes me make stupid decisions that make me overtrade and lose sight of what I am doing.
Trades 1-3 all losses -£21
All my trades have been going wrong for a while now and in a blind panic I traded from 1 min charts again which is far too jumpy one min it’s down 20 pis the next its up 30 pips
So what did I do I opened three positions within 10 mins and lost them all below is my account as it stands.
What I am going to do now is take a step back look at older charts see where I have gone wrong and adjust my game plan then I will be back and ready to carry on my challenge.
I’m not one for giving up I thought it was going to be easy but guess what it’s not I’m finding it so frustrating but can still see the light at the end of the tunnel so to speak.
I just need to calm down and watch and learn then implement.
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