The day was in a downtrend, even my early losing trade would be largely positive if not closed. But how can I anticipate this at 10 in the morning? I know traders who lost their homes because of this kind of anticipations. Anyway, after the big risk (and important loss) I took early today, I tried to play safe later on to break even. Had 6 trades in total, 1 (big) loser, 5 winners. 12 pips won, 1,87 % account increase.
Wednesday, November 7, 2007
Recap 7/11
The day was in a downtrend, even my early losing trade would be largely positive if not closed. But how can I anticipate this at 10 in the morning? I know traders who lost their homes because of this kind of anticipations. Anyway, after the big risk (and important loss) I took early today, I tried to play safe later on to break even. Had 6 trades in total, 1 (big) loser, 5 winners. 12 pips won, 1,87 % account increase.
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2 comments:
Well done!! I must admit that I wouldn't have recovered that lose in the same day.
After a big lose I always switch the desktop off and go for a run or a swim to ease the anxiety.
Dave
This is the biggest thing in trading that we are not required to go with anticipation, it is largely leading into losses, and so that’s why we need to be very careful, but I won’t say anticipation is going to be completely bad, but it just need to be with proper calculation. I am extremely lucky that I work with OctaFX broker where they have excellent rebate program to help me earn 15 dollars profits per lot size trade without fear of losses.
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