Good evening, fellow traders. For anyone interested I summed up results for the past week.
Main trades:
1. short kiwi - 50 pips
2. long usd/cad + 70 pips, - 40 pips (total + 30 pips)
3. short cable - 50 pips
4. short eur/jpy + 20 pips
Week result: - 50 pips.
Experimental (1 mini-lot) trades:
1. short chf/jpy - 45 pips
2. long eur/chf + 27 pips
3. short eur/chf + 61 pips
Week result: + 43 pips.
Hmm, my experimental bravado is on the rise. Maybe, something serious may come out. Let's continue the journey.
By the way, I try to be open with my trades and try to trade less for the sake of best setups possible. Please, be open with yourself, too, and ask yourself how many trades you entered this past week just for the sake of trading and which took you to losses. Re-visit your decisions over and over again. Do not try to outsmart the market. Do not spend 12 hours in front of the screen for quick 10 pips. Do not try to imagine price trajectory. Honour the stops as otherwise you slowly erode your working capital and imagine new resistance levels which were not part of the original plan. I ended the week net negative (-50) and I stopped further trading once I saw I am going into the wrong direction. I learnt great lessons this week and I will jot my thoughts shortly. Have a good weekend.
Subscribe to:
Post Comments (Atom)
3 comments:
Hello Tamara,
I find my self trading sometimes just to have something to do. I will have to change this ad I know how. Last week, when I took my first trade on the Cad, I had my target of 10% after the first day. After that I spent the week getting off track and trying to stack it on. You know,"Get a big head" and it cost me. So, from now on I am making a rule. If I reach my profit target from now on, I shut down and take only posiive situations. Thanks again, Tam.
Jim
Very good advice. I'm guilty. The trades I waited to develope were my successes and the impulsive ones became my failures.
New week, new attitude. Not looking to jump right in even though the EUR/CHF is bouncing at the bottom of a widening channel and the USD/CAD is in a 120 pip channel.
Jim
Post a Comment