First day with the 100k prop acc
Hey, today was my first day, I took a loss in London session, even though I planned to risk only 1000 dollars and calculated and applied my position size correctly it hit 1250 loss before it even hit my SL so I manually closed the trade, and today I realized what everyone meant by market psychology and trading when you know money you’ve spent is on the line takes a much bigger toll than trading on a demo
In New York I tried looking for a setup but by emotions got the best of me and I closed opened and closed to trades due to market noise
So I immediately closed my setup, I know I’m making a mistake somewhere I’m going to collect think control my emotions, may sit down for Asia session or straight to London session in the morning.
From tommorow im think I’m going to shift my risk to 0.5% instead of one percent because I am used to those numbers to be honest from my demo account. I know it still won’t be the same as trading a demo. But I will try to make it work. (I didn’t follow my 2 trade rule) I didn’t apply SL and TP for New York session due to fear and exited as soon as I saw negative numbers.
Going to be 1% better today and every day after that.