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?

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April have been a horrible month! This week of trading coming up to 1st May did not really helped me at all.

In fact, I did what every human would do when they are down this week. They try to fix things when it may not be broken. I was tweaking my settings on my LIVE ACCOUNT.

Gawd dang! This was another cardinal rule of trading that I broke. Auto trading or manual trading this cardinal rule holds true. Do not mess with the strategy half way through. In auto trading terms do not mess with the settings halfway through when your expert advisor is still on…

Sighh… automatic trading is not as easy as it sounds.

Today is Labour Day. So I took a rest, and close down my PC. Reflect on what happened this month in April.

It was terrible, I like many other was not only licking my wounds on a very bad trading month, but I was also looking for a way to recoup my losses. BAD MISTAKE. Experiences traders would say… ‘Turn off your chart and go chill out and don’t mess around with your strategy yet’

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