I've stopped out of everything, I'm 100% cash and I'm back in the penalty box for three weeks.
Might as well quote a friend here:
"you are talking the talk but not walking the walk..."
In short, I made two huge mistakes:
- Ignored my penalty box rule - thought that I knew better than the system and didn't want to miss a move - this rule would've saved me my last 4 failed trades
- Put far too much capital at risk. I've added a spreadsheet to make sure this number never exceeds 3%
Now the question is, will I keep developing a sound system and keep failing to follow it.
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