Foolish trade this one : I entered short, anticipating a continuation of the downtrend, my favorite bear trap, and got stacked there. I had then several signs (TL breaks) that I should close fastly the trade and take the loss, but I didn't that. Closed finally at -44,3! Now I have to make many small winners to compensate this ugly loser! Bad, bad trading...
Monday, May 5, 2008
Mistake of the month
Foolish trade this one : I entered short, anticipating a continuation of the downtrend, my favorite bear trap, and got stacked there. I had then several signs (TL breaks) that I should close fastly the trade and take the loss, but I didn't that. Closed finally at -44,3! Now I have to make many small winners to compensate this ugly loser! Bad, bad trading...
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1 comment:
Although every mistake is terrible, but sometimes it’s good to be making such mistakes to learn to trade well, if we don’t learn from mistakes then we will never be able to succeed. Also, it’s not a big deal for good trader to correct his mistakes and I find it all more easier due to OctaFX broker with their rebate service, it has 15 dollars profits per lot size trade and I get it even if I lose the trade, so that’s just fantastic.
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