2 trades:
Trade 1: Incorrect trade
Switched to 1 min chart and Shorted Opening candle without entering a SL, Fast move caused me to panic and cover the short at 492.70, I chased the SL.
Entry :488.80
Exit : 492.70
Risk: 3.8
Comission and Taxes .35
Total Loss + Comission : 3.8+ .35=4.15
Max Risk allowed : 4.65
Damage to capital: .90%
Total Damage = 0.29 + 0.65 -0.49% +0.90% =1.35%
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Trade 2: Correct trade as per system
Shorted rejection on 1 min chart
Entry : 491.7
SL : 493.25
Risk: 1.55
Commission and Taxes .35
Total Loss : NA
TSL and Exit not as per system : Took revenge for early morning loss.
Average Exit : 487.13
Total Profit Less commission : 4.62 -.35 =4.27
Max Risk allowed : 4.65
Damage to capital: NA
Capital Increment: 0.86%
Total Damage = 0.29 + 0.65 -0.49% +0.90% -0.86%=0.49%
Learning Outcome: Incorrect trade spoiled the whole day, I could not execute the second correct trade properly and had a sense of revenge to cover the loss. Anger and Frustration played a big role in today's trades.
Second trade exit marked on chart after a break