I properly identified G as being the strongest currency after weak CAD news, and entered a system trade on Gcad. I was impatient to get cash straight into my account quickly to compensate for a reduction so I exited on the pause. Not great! There was no technical reason.
Today was the day that I exchanged a single system. It was difficult to not jump in and exchange swings, reversals until it boils down, or do stuff like down average or expand Stops and let an underwater commerce go. Being patient and smart resulted in the London session.
We earn trading pricey by beingFearful Impatient Greedy Hopeful Trading a lot of Lots Not adhering to a egy Not awaiting the top set-ups Not paying attention to road bumps (slowing news releases that may affect short-time frame trades) Not paying attention to what pairs are becoming weaker or stronger Not paying attention to divergence and support and resistance Not paying attention to what price is performing now, and accepting it (without prejudice--it should do x)
Tuesday, 23 May. Traded, and during London and NY today. Profitable, and also also a new $ high daily so far despite an Entry Order error for 20 rather than two LOTS, and not leaving another Entry mistake then now. . .started texting, after closing out my last trade. Then I come back to my screens and loe a $600 floating reduction! WTF? Turns out I had not checked to verify a Take-profit order was cancelled when I began texting. Bad. -39 pips.
Lesson: commerce and do nothing else. Or, double verify that all transactions and orders are shut prior to doing other stuff. My three biggest sacrifice (half of my profit to date) have been due to sloppiness, negligence and trusting and Entry mistake would turn instead of leaving immediately. I understand how to trade,. I have to tighten my% %^#* up daily.
Friday--should have done something else for amusement. I treated this week's gains like a toy and did stupid %: Opened a trade before CAD news, thought I'd USD Fundamentals dialed-in today and traded them dismissing price movement, performed scalping and shorting an EU rally that eventually ran me over and jumped into poorly thought out trades while overlooking system trades and generally %^#* up today. I acted like this man and and felt like the cartoon character. Week no longer %#* around, and making only well-planned trades.
Greatest missed trade now (Aughhh, I'd marked its support lines, but had been looking elsewhere when it started) Entry is circle, Stop is line, depart is X
I have this recommendation for some time, I should have posted it earlier ... I had a couple of attempts but I didn't do it , even after your last screen acquisition when it'd have been the perfect moment... but I say it now perhaps it will give you some thoughts:
- Order on your tracks from left to right (or reverse) the pairs according to the spread.
- Close to the last screen. Now that you've got an extra one, shut the last two monitors.
I visit from the end of this month your account beginning with 1 but it's the same 6 figures ...
Sorry to mention, I just see things coming, perhaps you'll work it out ...
Following my Comcast Internet Service (25-30 mbps) ceased working for several hours, during three days this week, I decided to buy a backup Internet Service (ATT fiber 1000).
The plan is to use Comcast on my notebook as a back-up, and ATT on my primary pc. Coupled with two batteries, I should be coated for Internet and power issues. All I want to do is transaction.
Entry is circle, Stop is line, depart is X
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