Day 33 of Live Algo Day Trading Journal
Day 33: Good day but did not turn out good for me today. Algo gave me entry in the morning, turned out profitable, but subsequent two entries took away all the profit. Overall a negative with minor loss.
Progress: Stuck to the algo even when was sure that we are near the support and should have taken profit. So, no manual trading today.
Learning/ to ponder: When market takes away your earnings, should you solely rely on algo ? I am thinking of changing it to stop it once a desired profit target has been achieved and take no more trades......
What are your thoughts on this ? Let it run or stop and get out ?
Progress: Stuck to the algo even when was sure that we are near the support and should have taken profit. So, no manual trading today.
Learning/ to ponder: When market takes away your earnings, should you solely rely on algo ? I am thinking of changing it to stop it once a desired profit target has been achieved and take no more trades......
What are your thoughts on this ? Let it run or stop and get out ?
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