Friday, February 5, 2010
You are just a little mouse in this job and the market is the big hungry cat. The cat lets you have your daily food but If you are distracted for one single moment, you are lost, he will catch you for sure.
Post-NFP and I let the two elements of a common trap to be present: an unmotivated entry and a moment of distraction. So I entered against the fast trend, I was distracted ,I hesitated for a moment, no stoploss and then it was too late..! Closed finally at -92, at 123.33, which was the absolute high of the session!..
I had a moment of dilemma after this. To stop there, with a -13% daily, in order to protect a 52% gain for the week. Or to try to recover the day, using the extreme volatility of the recent days in my favor, with no more stupidities. I opted for the second and had a looong session with a lot of trades. Most of these, in the next posts.