Week 2 Recap as Scalper

Made a terrible mistake to trade on Friday, and not using my computer. I feel that I have no control when I don't trade infront of computer. I will never do that again seriously.

Return 3/5 of my scalping gains this week to that 1 single trade which I did on my mobile.

In addition, I traded at a time frame where I am not comfortable for my trading strategy I believe.

Tried to scalp my way back when I got home as I am a little furious about the losses. Funny enough, I manage to scalp close to 1/5 of my losses before another trade took away majority of the winnings from the Scalp trades I did on Friday.

My thoughts : I might have the capability to consistent make money in it but scalping is high risk. When a chart ranges nicely for you to scalp, you take advantage of it. But the longer you stay in the market, the more changes you expect the momentum of the chart to be. Even though I scalp with a directional bias on a bigger time frame, I tend to scalp with a smaller time frame directional bias too and this change in the smaller time frame behavior could potentially panic me. I am glad that I am still net positive for the week.

What I will do next week : I will continue to trade and achieve 50 dollars per day with a lot size of 50,000 units. But I really need to stop after hitting the objective. If I can't over trade next week even though I made more money through more trades, I will need to stop for a week.

#Scalper #tradingjournal