USDJPY LOSS

USDJPY LOSS
5th October 2016 contacttf
engage in more business than can be supported by the market or by the funds or resources available.

Broke so many rules on this one. The charts all the way to 4hr were in sync. I made the worst trade ever for the follwoing reasons:

1 – The price was not near a clear resistance area
2 – News out at 12pm BST, and I take the trade 20 min before
3 – I traded for trading sake

Entry and exit from stocks should not be random; there should be a reason behind each trade supported by the trading plan.  Read more: Are You Under Or Overtrading? | Investopedia http://www.investopedia.com/articles/trading/09/undertrading-overtrading-trading-plan.asp#ixzz4MCxaEPr1 Follow us: Investopedia on Facebook

 

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