Started trading a $100k futures eval with
@TradersLaunch, this is the second time I'm trading a futures evaluation.
Began by just getting familiar with the platform again, placing scalps. Ended up placing quite a few!
Eventually I began to place some trades that I held and let reverse leaving all the money on the table and taking full -1R losses.
I was down almost $200, was about to call it a day but I thought to myself this is not how I trade.
Proceeded to zone in, and place 3 beautiful trades that never reached drawdown of over $3, those last 3 trades perfectly reflect me addressing my core issues which is:
1. Leaving big wins on the table and letting it reverse. The outlier win peaked just below $50 and I took $37 which is great, that's about 75%-80% of the move before it reversed. Sometimes I would leave $100-$200 trades on the table and after failing my first futures eval I saw if I had closed it all and captured at least 50%-75%profit I would've passed!
2. Sometimes trades would reverse but instead of protecting my capital and making the trade risk free I would instead throw the profit away & take a full Stop loss hit. Through BE I lost nothing on that trade.
3. There are obvious short term trades that I would pass up, and miss opportunity through being attached to a trend. On that final trade I saw clear counter trade opportunity for a quick scalp and took it after which it reversed.
My goal is to continue trading with that level of precision seen in the last 3 trades. Only taking high quality setups with minimal drawdown volatility, using dynamic risk management to constantly protect capital and allowing winners to grow.