First bad week I've had since starting the year - at least in terms of PnL. I have had some bad days in terms of process.
One positive for this week was that it was the first day I successfully exceeded the $200 target in the right manner.
Something else I have noticed is that when I'm trading well I very very easily meet the $200 target, and in theory I should easily be able to exceed it every day with current size. There have been multiple days when I have started with a bad trade (say -200 or -400) and turned the day positive through solid trading. Until I actually eliminate these bad trades there is no sense in increasing the target for the day though.
Looking at the statistics above I'm still not happy with size of average winner versus average loser.
The number one goal going forward is now to following sizing rules (1/5th starter, 2/5th once risk defined - then add to winner). This appears to be the number one reason for the big losses and should eliminate those trades that start me on -400 or whatever. Focusing on eliminating the greed is still a goal, but is taking a slight back-seat because I'm getting a lot better at it.
Given that the tilted trading occurs when I am down about $600 it makes sense to edit the max draw-down to $600.
Back Account: -$55. Current market environment not overly suitable for my niche strategy, so I will have to bear that in mind and be even more picky!
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