+4 pips

-8 %

(size varied a lot)

Spectacular bad trading after being up eighty percent at first part of the month.

I even moved stop because I made it available to do it. Not taking profit, not taking break even. I'm kind of tired of reporting this stuff.

-61 pips

From +17 to -26. I had hard time implementing daily stop. As usual chasing imaginary reversal. It isn't even funny anymore.

b/e

Still looking for big runs. Had a close eye on daily stop. I even entered territory but didn't want to make of it child's play so I had one more trade. Refused to take scalp profit on many occasions. Didn't want to cover break even for the day after twenty pips loss. That strong was my emotional need for the runaway market. Not good but it will subside and daily stop will stay, so something good out of difficult situation.

b/e

It's crystallized now that I have another compulsive behavior in trading. First there was averaging (adding new position in the direction of previous that is in the loss) I averaged and averaged, there wasn't day without it. Somehow I managed to leave it behind by trading full margin (so there is nothing to average with any more). Then came moving stops (widening). I couldn't stand stop being hit, so from small initial stop some trades run to five times bigger stops. Now I compulsively enter so many trades and take small losses on them all in the anticipation of big run. Big run that will cover all those stops and make some profit on top. So again today I had 22 losing trades in a row and one scratch. Average loss on them was 3.7 pips, you do the math. That's simply unacceptable.

I need to abandon trading without clear setups. All this today were anticipatory trades in which I try to catch big move. I don't have clear scalp setups. There are no setups that I see or wish to take, but I trade anyway. Sometimes that big move comes and all is golden, but on days of smaller range there is no real move. So I'm left with my numerous small losses. That is not the way I want to trade.

So finally I decided to use max daily loss of around twenty pips. It's not to prevent big losing days, but to prevent my mind from looking for that saviour trade. It wouldn't matter if it comes or not because it will be to late. It will be unpleasant at first, but that's the point. I expect that it will hurt so I will not do it again. I really don't have a problem with getting stopped on a trade in which I believed and get daily stop that way. But if those nonsense trades bring daily stop I will be probably enough frustrated to be wiser next day.

-47 pips