This is just a week review of the trades i took and my reasoning the successes and the failures
Trade: Entry 1.96608 SL 1.96585 TP 1.95800 on this pair I was able to secure 50 pips but if I had held to one position that had the perfect entry I would’ve been up $54 instead of being up $15. The reality is swing trading is far more superior and has less room for error. GN on the D1 was on a down trend (structure) Broke a daily resistance (confirmation) scalped the downtrend before the pull back towards the daily resistance
Lesson:
Being able to find the perfect entry at the beginning of the week and trading with the trend is far superior. Given that i'm at the beginning of my journey i might definitely continue to day trade to have more practice on demo
Background: I wanted to deposit $500 extra dollars in my trading account catch 50 pips on a 0.3 and chase my losses but i decided to challenge myself with my decimated account of $15 to go to $1000 trading 0.01-0.03 learn all the lessons with real money but with an amount that wouldn't be too hard on my mental if i lost everything. On a psychological level going through this journey of trading with 0.01- 0.03 to $1000 will help develop patience and good risk management. Small Good Decisions. They add up.