Wednesday, 16th May 2018
Finishing early in the morning with an excellent number of Pips banked.
Total of 26 positions today with 22 winning trades and only 4 small losses.
Yesterday, I had a breakeven trading session and I mentioned about the importance of resisting the temptation to over-trade due to unfavourable market conditions. Most traders go wrong not being able to identify a market which is not suitable for their trading strategy. A trend following strategy will not work as well in a choppy market, it's the same for range traders who would prefer to be trading the market which is range bound.
I prefer trend trading because it allows me to capture larger fluctuations in the market, I simply enter the market when the conditions are favourable and allow time for my positions to mature to exit with a profit.
Today, the market was in my favour and I followed my trading plan as always which resulted in bigger winning trades and overall an excellent trading session compared to yesterday.
Here are my trade results for today, Wednesday:
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