Hi Mostwantedpip.
I feel your emotional pain and I can relate to it. It sometimes feel like forex really sucks. I also allowed myself to fall in the trap of waiting for the market to turn in my favour and doing some serious damage to the profits I have acquired for the past 3 months. Until last week I had traded my account from 2000 to $3140 by just using ICT’s simple and most basic tools(OTE’s, Fibs and S/R key levels). I allowed that streak of success to get in my head and started to water down the importance of risk management. I then went against all my rules that I had set for myself: trading against trend by going long with the yen when the trend was just so strong, I adamantly refused to use a stop loss, I traded outside of kill zones and started watching pairs I never planned to trade and some other foolish things I did. That caused me lose over 40% of the total profits made the past three months. Its the most crazy thing that has ever happened to me. In a way I think its a ‘good’ thing that happened to me because it makes me realise that I have not figured it all yet and that I have got to respect the markets for what it is. Indeed the most difficult thing that in this business is to master ourselves, we make or break ourselves in this business and we can never lose sight of the fact that we can do a lot emotional damage to ourselves if we don’t stick to the rules. Its all on us infact its all on me and I have since then taken responsibility for the foolish act that occurred since last week.
So my friend take heart, and lets pick ourselves up again and move on…for SUCCESS awaits us.hehe
PS: For those who are interested to see what happened u have it here: Fx-Undiscovered System | Myfxbook
Feel free to give me a good lashing but please not on this thread. It could be through the msg system of myfxbook. I will be happy to accept any strong criticisms and counsel for it is what I need at this moment.