USDJPY LOSS

USDJPY LOSS
1st September 2016 contacttf
There is no place for denial in successful investing. Don’t blame your losses on bad luck or outside manipulators. Accept the responsibility yourself. Don’t be dependent upon trading for all your fulfillment and happiness. Focus on opportunities, not on regrets.

Short term line up perfect, 1,5,30 min and 1 hour.

The 4 hour and daily showing bullish. I decided to sell, based on equilibrium of trade.

I got stopped out, and my loss was extended by a PC glitch. The loss was heavy because of this.

Things I learnt on this trade:
1. Add forced stops
2. Trade on support and resistance points.

Proper risk control and discipline is non-negotiable for every trade everyday. Revenge trading – trying to make back a loss – carries with it far too much emotion and is always costly. Poor money management skills are the number one reason that novice traders wash out. Learn to recognize your impulsive state of mind and take action to stop it.

 

0 Comments

Leave a reply

Your email address will not be published. Required fields are marked *

*