Ok… it’s time to lay out my game plan. I have been shooting in the dark last month and one of the mistake I did was… no actually there were two mistake I did.

One was cascading or stacking too many EA on one account. Two, fixed my lot size instead of using the internal money management system.

Lesson learned once again.

There is no harm actually in stacking a few EA on one account. The problem was that I did not control my risk when I did that. Meaning I was taking on too much risk in one go. Bad idea.

So the corrective action would be to use the money management system if the EA does have this function. Set the money management to risk only 2% of my balance. On my micro account that would mean 0.0x lots per trade. Return would be small but losses also would be small. Hopefully, in the coming months my profits would outweigh my losses. That is the general idea isn’t it?

If there is no money management system, then I would put it aside for a while and find a more better way to calculate my risk value before putting that EA live.

So lesson one, USE MONEY MANAGEMENT and set it my risk at 2%. And that is the holy grail in trading… or that is what I learned decades ago.

BE PATIENT would be my second lesson. I was impatient and started stacking EA because it looked good when I demo test it for about 1 week. That’s pretty dumb. Even if I were to put it live, I should have started at 0.01 lot.

How I manage to start increasing my profits with FAPTurbo a few months back was I started with 0.01 then slowly increase it to 0.02 when my profit increased. But at that time I only had one EA per one live account. Plus zero demo account.

What else actually should I take from last months experiences? Hmmm….

Ok… I think these are the two things that would start my basic once again.

This month as I start a new month of trading, I had to go back to ground zero. Trade small and start growing my account once again. No more stupid impulsive behavior, which I tend to be. Or maybe the right word would be stop being to greedy when one is profiting and stop being scared when one is losing.

If I am down, then stop all EA and take a break. Recoup and re-start my EA.

Come to think of it, what I am doing is very similar to Manual Trading. Yeah… I think I should treat automatic trading like manual trading. These Robots or Expert Advisers are like systems. I pull the trigger when I turn the EA on… and off. The only thing I enjoy about this arrangement is that I don’t really need to sit in front of the computer all day to test and enter.

Just analyze all trades at the end of the day… I am going to meet manual trading and automatic trading in the middle.

Good luck to me…

Oh and good luck to everyone this month… *fingers crossed* Profitable as always.