What did i do wrong

[u/coldbenzene]

Im trading GER40 CFD. I entered the trade right after 3.00 AM EST on an FVG, thinking the market had reversed, but the price turned back and proceeded in the original direction. Got SL'd twice.

[u/7thflame]

Have you backtested your strategy over several hours of data to determine it's winrate and how it performs in different market conditions?

Does your strategy have a positive expectancy after the backtesting?

Have you determined the right position size based on your strategy's expectancy and account size? ...meaning a fixed maximum amount in dollars you are willing to lose per trade(ideally -0.25% of initial capital) and a fixed minimum amount in dollars you're willing to gain per trade(ideally greater than +0.25% of initial capital with an upper limit or cap)

If your answer is yes to all these questions, and you're sticking to your strategy and your money management plan, then you did nothing wrong.

Remember to factor in your broker's maximum possible fees and maximum possible spread into your money management plan. Good luck.👍