My hands are shaking. What a crazy market!
Lost $127 yesterday during the Asian session. Broke all my rules. Moved stops, added to losers, saw bad news and did not act, took too large positions, took too many correlated trades, traded with no sleep. Went from 2.85% to 1.57% in just a few hours. No discipline + no control = large loss.
Felt really bad. Went out daydrinking, got pretty inebriated, went home in the afternoon and got some sleep. Woke up at 10pm (+8 GMT) and started trading again, cautiously. Made $31 back and was pretty happy with myself. Continued trading, shorted AUDNZD 0.1 total and went long EURUSD. Got out of EURUSD with $1 loss before market closed, held on to AUDNZD.
Suddenly all AUD and NZD pairs went crazy. AUDNZD dropped something like 300 pips right before my eyes. 0.04 of my positions hit TPs for decent 50 pips each more or less I think but price kept dropping and dropping. Finally it stopped dropping, spreads were around 70+ I think, but decided to close and was able to make myself act. I closed near the bottom of the crash! Wow! This is the first time something like this has happened to me.
Wanted to try to go long but was too nervous, having never traded anything like this before (no news that I know of). Not trading anymore for a few hours, my reservoir of luck is definitely low if it hasn’t been all used up already.
Now up to 3.23% of the 6% goal.