An aggressive day in a strategy
YOLO for $5,995 net.
Today, I went very aggressive with a strategy. The market conditions have been right all week for this particular strategy, which has been rocking with profits ranging from $1,400 to $4,000 each session. Today, I just cut it loose. Know that when you do things like that, you will pay. This morning, I took a big stop hit, followed by my first-ever margin call. Just ouch!
First, the stop hit is followed by the margin call. Two losses back to back. I took a break for a couple of hours to shake it off.
I turned the strategy back on just after 10 a.m. It was doing okay. At about noon, I saw a drop in the chart I used to monitor the market while the strategy ran, so I paused it again.
After a break, I fired up the strategy again (I pushed the start button).
Towards 2 p.m., I was getting a bit uncomfortable, feeling as if I was pushing things a bit far. I wanted to keep trying, seeing my profits back from the drawdown and up over $5K. On the last chart, you can see I was up $10,625 for this session, which meant I recovered from the draw-down and the loss from the margin call, leaving me up $5,995 for the day. I wanted to push for $6K, but I know that feeling, greed, thinking, of course, I can get there. I just stopped, choosing to bank what I had.
This strategy is the “Medina Wick Trader” from DTB Traders. It’s fully customizable, including bar type and size, as well as the stops and take profit I chose. I can change most parameters on the fly from the control panel in the chart's upper left corner. Check them out. You can also visit their Discord server, where I hang out most days.