Share your losers! And lets critique the trade

Trading Discussion
1

I like to, from time to time, reflect on my trading habits that dont do me good when it comes to trading profitability.
So i will scan thru and analyze my losing trades and what i was thinking and wat data caused me to think that and trade. Usually i come out with more fine tuning to my strategy or approach to said trading idea.

Share some of yours and lets have a group Critique

2 Likes
2

There is nothing wrong with this idea. Its always interesting to see how others trade and its healthy - we can always improve what we do.

3

yes indeed so do u have any recent losers?

4

My two most recent losers were both USD shorts. I had seen obviously the US stock market indices have been vert bearish and this is on the face of it usually bullish for the USD. But I had let good TA opportunities on the individual pairs’ charts outweigh my view of USD. I should have stayed out of these pairs and definitely not gone against the USD.

1 Like
5

Screenshots? post it and lets have a looksee

6

Two more trades I should not have taken this month were short CAD. Very difficult trying to short CAD against any other currency when Oil is so bullish.

7

I trade off the D1 charts and always make it a point to get in on pre-set orders. In an uptrend these would be at the high of a day with a lower daily range high.

8

Lets look post the chartss bro

9

Sell order USD/CAD and buy order GBP/USD both triggered 26/01, both stopped out by trailing stops 27/01. The two trades correlate with each other and negatively with the US indices. I should have seen it coming.

But this has been a useful lesson. I’ve added a flag on USD to my trade management spreadsheet to show the state of US indices, also on CAD for oil. So that if all the US indices are bearish, I shall try not to sell USD. And if oil is bullish I’ll try not to sell CAD.

2 Likes
10

brooo ur awesome i love your conversation on the forums but right now. do less talking and more showing lol. this is first a Show and tell but ur just telling

1 Like
11

@tommor
In relation to your USDCAD short trade, there was another red flag - the previous two candles closed above EMA20.

1 Like
12

That’s a good observation. It might be worth paying attention to this factor.

1 Like
13

Only losing trade so far this year (I don’t make many), was NZDCAD*. I bought at a bad time and lost my nerve. It then of course went on in the direction that I should have known it would. Only a small loss, but would have been a nice profit if I held my nerve.

image
image1662×434 7.82 KB