Equity:944.36 - Another one

Lost the previous one, and re-entered the trade again.

Equity:952.01 - Another trade

Enter a first trade today.
Set the stop loss higher, and also it seems like the beginning of a rally downwards after 20 SMA crossed the 50 SMA.

Its close to 7pm now, and I am off to get Macdonalds for dinner~

Equity:952.99 - Nailed

Above is from the trade last night, and I made around $35. Yay!

Blue circle is the entry point, and bottom horizontal line is my limit stop.

:)

Equity:917.00 - Bet of the day

That is my bet of the day.

Currently, I am puzzled and uncertain about my rules. I am just trading on the basic theories, which is to sell when it is the start of a downtrend (20 cross 50 under). And also to sell after a little rise.

What I am doing differently in this trade is that I set a higher stop loss, which paid off for me as I avoided a spike upwards, as seen in the graph.
Hope this trade goes downwards and hits the limit stop when I check the results tomorrow.

Night~

Equity:915.39 - Weekend homework (8 hours)

Equity:915.39 - Weekend homework (1 hour)

Equity:923.85 - Before market closes

Previously, the 2 trades I had, 1 lost and 1 won. So there is not much profit or loss.

Just placed the above trade, and came out with an additional rule.

• Do not trade if the realistic profit cannot be at least twice that of the stop loss.

Usually, I will place the stop loss around the previous high/low, like the above graph. I skipped many trades yesterday as the stop loss was simply too high. This is so that when I have 5 win trades and 5 lose trades, I will be able to make more than a break-even.

Good luck!