Alright, this is after 2 weeks of trading. Last week, I was in the negative. 2 bad trades, and I decided to do one more that I was more confident with. Afterwards, I was only slightly negative. The lesson was to stick to trades early in the week, as they have proven to be more reliable for me. No big news or fundamentals played a part. With the COVID-19 pandemic, I anticipate more factors that go beyond the normal sessions. Traders' feelings and institutions are at a different place. Paying attention to the areas most affected - Italy, Europe, and the US - makes me more aware of all that factors controlling the currency of a nation.
GDP for GBP (2300 on wednesday) reports are coming out this week. Pay attention to the effects. Nothing else really to report. I was able to successfully make trades with the South African Rand this week (although I lost it), and oh yeah, I've become more aware of my SL:TP ratio. It was up 1:3 instead of 1:2 this week. The routine of limiting my profit margin has been removed going forward. I'm risking the same amount, 4%, and I'm making trades that I am confident will provide larger returns. Until next time. Balance: 159,000.
