I still do this mistake, less frequently now : on the second trade i entered contra-trend and insisted to continue with this, despite the price lower hights and bearish CCI. The trend was obviously down.... Closed at -15 and then traded very carefully to cover the loss..
1 comment:
Asfar
said...
Although, it’s important not to make too many mistakes, but obviously no one do it on purpose, so we just need to learn from it and that’s something which is definitely going to lead us into achieving positive results. Luckily, I am trading with OctaFX broker where even mistakes are been able to handle easily through their bright features and benefits especially to do with monstrous 50% bonus on deposit which is just terrific and helps a lot in every way.
"When i trade at home, I often watch the sparrows in my garden. When I feed them bread, they take just a little piece at a time and fly away.They keep on flying back and forth, taking small bits of bread. You will never be able to shoot a sparrow, it is just too fast. That is the way I day trade". M. Weinstein.
"Μηδείς αγεωμέτρητος εισίτω μοι την θύραν". Plato
"Toute lucidité est la conscience d'une perte". E. Cioran
There is nothing to sell on this blog. No signals, no "systems" for sale. Just my trading plan and the recording of my trades on eur/usd and the fx euro future recently. And the books, the music, the films I like.
The Forexbird is a professional currency trader. He is also photographer and engineer, a maths and music addict and curious about everything.
I got a few pips and then I left monitors to take care of my daughters. When I came back, price was 70 pips down...
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Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The author is not liable for any loss or damage which may arise directly or indirectly from the content of this website.
1 comment:
Although, it’s important not to make too many mistakes, but obviously no one do it on purpose, so we just need to learn from it and that’s something which is definitely going to lead us into achieving positive results. Luckily, I am trading with OctaFX broker where even mistakes are been able to handle easily through their bright features and benefits especially to do with monstrous 50% bonus on deposit which is just terrific and helps a lot in every way.
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