Green expiry but with disc exit and disc losing day
Today was a mixed day for algos and discretionary trading. Algos started off losing but recovered and ended up in profit around 2. At that time I exited by trailing profits because by that time disc had caused close to 1K of losses. NF BNF STOXXO DISC MTM = 2280 Charges = ~350 NET = 1930 The morning UP/DOWN market hit losses and kept the basket in red most of the day. After 13:30 or so, it started trending and somehow the basked got into the green. By that time poor discretionary trading had led to 1K in losses. Even with that, the MTM was in green so I decided to exit. First exited THOR BNF and then when more trend happened, trailed and exited. Towards the end, some disc recovery happened. But still, about 20 trades were done. That's too much. MISTAKES: Don't overdo discretionary trading. Learn to hold on to trades to let them play out. Discretionary needs plans and limits of SL at least. Use stoxxo to enforce some of these limits. LEARNINGS: Have good logical plans a...