Trade executions, 7th June 2024
Last night, I backtested some other strategies that might better suit my trading style. I struggle when glued to charts during live trades, leading to premature exits or overly tight stops.
I tested a new evaluation account, ending up $724 in profit. My funded account also gained around $500. Today being NFP Friday, a tricky day, I waited for price signals of a reversal. After the significant down candle, I entered long positions on both accounts. While I closed my funded account trade early due to a more conservative approach, I let the other trade run until it hit my trailing stop. Not a bad outcome.
I'll continue backtesting this new strategy and potentially share a future post with more details. It's still too early to draw definitive conclusions.
- Previous: Trade executions, 6th June 2024
- Next: Trading week review JUN 10th-14th