I missed the first leg down on this and i entered at what seemed as a second one. Price reversed sharply ..and I refused to close with a loss. It went till -22 and I was just looking the catastrophy coming. Price then reversed again to retest the lows and I had the opportunity (luck) to close at almost breakeven. I refrained myself to re-enter short, to see the pair going up fastly.The denial to accept a fault can be disastrous in every aspect...
1 comment:
I don’t think you are alone in this as we have seen many traders facing same issue and that’s why it’s suggested that we should always have good strict plans. I believe that if one opportunity goes we must be patient enough to wait for another instead of trying to create something and ending up falling flat. I am lucky to be working with OctaFX broker with their superb cTrader platform, it makes trading much easier especially the analysis aspect, so I am getting wonderful results.
Post a Comment