Short 1 after previous low break. 15 pips gain at no time. +5% on the account. I could stop trading at ths point and have a perfect day. BUT I felt I was leaving the party early, so I re-entered, to sell a classic bottom!... Sharp retracement, rule for 10p stoploss was violated again. i had to close far away, half at -28p, half at -38p. averaging 33p loss...
I did this capital mistake twice in 2 days. Discipline is deteriorating. My account went from +5% to -2,45% decrease for the day. Greed, greed greed...
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2 comments:
Bad day for me as well, -15 pips, + 10 for the week. +300 pips move in one direction and almost losing !!!!
David
It’s always a major issue for anyone to control his greed, as it’s in our blood as humans. I believe the best way to stop is by good planning and proper management, if we do that correctly then we will be able to make solid profits. I consider myself lucky that I have got OctaFX broker at my side, it has terrific rebate program where I am able to earn 15 dollars profits per lot size trade, it’s really good and helps me work really smoothly.
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