-Closed- 討論

Price Action discretionary trading. Trades are executed on the 5 Min chart based on 4H chart analysis.

I like the discipline you are exhibiting in your manual trading. Don't lose that edge.

Thanks. I wandered around a bit this year until I finally found my groove in October. That was when I read & implemented 'Inventory Trading' by Shonn Campbell. The philosophy it presents has radically altered the way I approach trading.
1) I reduced my position size.
2) I no longer approach trades as single binary win/lose bets. Now I build positions incrementally and manage the whole as a business would purchase & sell inventory.

Well I had a lapse of judgement in position sizing, got greedy and the market took me to the woodshed. Painful lesson. The markets do not tolerate mistakes.
A perfect example of how a good trade can be a failure with poor money management. Even a lousy trade can be salvaged if managed properly and risk kept under control. The moment you trade too much size, time becomes your enemy rather than ally.