The first 2 winning trades were the trap... i entered for the third time by greed, far away from balance point and just before the correction. In addition, that was the first trade of the week whithout stop loss. And the ugly turn took place..
Thursday, January 8, 2009
Mistake of the month
The first 2 winning trades were the trap... i entered for the third time by greed, far away from balance point and just before the correction. In addition, that was the first trade of the week whithout stop loss. And the ugly turn took place..
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I think these are the type of mistakes that most traders make, but the good thing is to realize it and make sure we correct it. I have made several mistakes like these, but I have learned from them and now with OctaFX broker, I am able to win more trades than lose, it is all thanks to been determined while also due to support by their service which includes small spread of 0.2 pips for all major pairs plus much more to help us trade better.
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