The price on this topped with two red bars on same level, then started to drop. I was distracted and super-confident, so i didn't close, even when price gave a second chance to do this. The important loss was the natural consequence.
Thursday, November 5, 2009
Mistake of the month
The price on this topped with two red bars on same level, then started to drop. I was distracted and super-confident, so i didn't close, even when price gave a second chance to do this. The important loss was the natural consequence.
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4 comments:
Interesting....how did you felt after those 2 loss? one big and one small.
This is when I loose my mind and start doing all kind of stupid trades...fear start and I loose control.
So it's interesting to know your MindSet, how did you felt? what were you saying to yourself? and what gave you the courage to kee trading?
Ciao ;-)
Alessandro
very simple, i stopped after these two. If you try to get back the lost immediately, you are lost! lol . I also needed time to think - how i turned a winning (i was at +3% before these) day to a losing one.
This kind of stupidity gives me strength to be more disciplined tomorrow.. On the begining i used to commit such crimes every other day, now it's once or twice a month.
-25 pips hoping it wil go up. yes very bad, naughty noo noos.
Although no one likes losing or making mistakes, but we need to accept that it’s only through mistakes that we are able to achieve greater results for future, I have also made many mistakes, but I have not given up and hopefully I can only get better from here. I get plenty of support with OctaFX broker with their amazing conditions that includes low spreads, high leverage up to 1.500 plus there is also smooth trading platform like cTrader, it’s all really cool!
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