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EURUSD LOSS

29th July 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. 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.

This was another equillibrium trade. The 1hr chart was not fully lined up. I took the plunge based on the 5 and 1 min charts.

Mistakes I made:
1. Traded to close to the news
2. Support becoming Resistance

Take responsibility for the loss. This doesn’t mean feeling guilty or wrong, but rather not to blame it on external factors like the market itself, or on something that misled you.

EURUSD LOSS. Stopped out (1.11678 – 1.11732) [-0.00054].

29th July 2016

Categories:EURUSD

Tags:EURUSD, loss

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EURUSD LOSS

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