It was a busy week with so many things which would were flying in my head on the time…
[U]First, I should always focus on my most important tasks[/U] so I can have time to do many of my To-do-list since I am too young…
[B]Second, Even I won, it does not mean I am good Trader[/B], may be just so so, who’s care!
It was all about JPY…
When it was droping down almost 300 pips in just a minute, I was in front of the screen, and was eating…and had 2 Sell Positions.
I was thinking that it can not make it as my Sell plan.
At that price level, it would go up or down… or not…lol, but it seem it could not…
So I close one with a few pips. Then gonna close net one, and It dropped down like it was no tomorrow…It got my target, 76 pips,
[B]But, My Brain was freezing…and I could not even think.[/B]
[U]What if i was on the opposite side? I thought that I would catch the bottom…and then later burn my account.[/U]
So, I should take time to think about it…
Summary: +1.3%
Trades: 11
Lessons:
Only Risk less than 2% if I want to be survive.
Never add a position on a losing trade.
Forex is uncertain, so be prepare for all scenario.
5. USD.JPY - BEARISH CONDITION
Since i feel that the 4 other pairs are more beautifull, young… so i do not want to hang out with Japanese girl this week any more…lol
Priority: GBP.USD , AUD.USD, EUR.USD, NZD.USD AS TODAY CONDITION…
-Not try to play both sides this time because I want to keep it simple. If price break up the trend line, I will stay out for another opportunity.
-Stick to one plan make me easy to manage my plan.
It was an entertainment week since many opportunities just show up, and I got some pips from my previous plans. Thanks for my hard Work.
I rarely adjust my analysis at middle of the week because I want to be relax and calm down to do it
at the Sunday Evening, when I refresh my mind after a busy week with a full time job and so many things…
Thanks God, I have not found my girl yet…lol
By that I will minimize the push to try to come up A Plan when there is not…
But, then I come up with a bunch of plans so to be prepare for Forex uncertain. Everything has exception…
Put a pin to those plans, and wait if it works or not…
Because of the news volatile of this week, I decide to close all my trades relate to EUR, USD with the old plans.
With the news plan, will test it with a small size.
It is easy to say Cut loss early and Let profit run but it is very difficult to apply it.
I defines the risk is that I have not close all my trades or I have not move the stop loss to break even because the Forex market is so uncertain which the winner becoming the loser is just a second… .
Becoming a Trader is a difficult path for me. When I began learning and trading three years ago, I thought that I would be rich soon.
The idea was that I would quit my job and became a Full Time Trader, so I could travel around the world and still making money…
Right now, I am laughing to that idea…lol
It is not that easy, because I can not predict the future nor I can not predict the Forex market.
I won some trades, and then I gained some confident…and then I over traded to try to be rich soon.
I lost some trades, and then I over traded to try to get my money back…
After three years:
The reality is that, I am still learning right now, and the profit I make in Forex is not what I expect.
