[B]12TH TRADE TAKEN 10/10/2014 09:04AM EST [/B]
Trade was based on current trend, which is bearish. I entered on a very small pullback. Keeping this position short-term with a reward/risk ratio of 1.6 to 1 and a leverage of 15:1 again.
Psych-wise, still an emotional roller coaster with down days and up days. I have tried to get out more since I’ve read that social isolation is bad for physical and mental health. Being an introvert, though, I get easily drained when i am outside. gotta figure out how to work around this.
Stop loss is a close above 173.30 and Target profit at 172.75. I entered at 173.09.
[B]UPDATE 11:09 AM[/B]
I got greedy again and deviated from my plan. I moved the tp at 172.50 just as price was hovering within 172.75. :mad:
[B]UPDATE 3:26PM EST[/B]
I closed my last trade for the week for +8 pips. Was greedy earlier so I missed my opportunity to take it out at +31 pips. Anyway, I decided to close it as per my trading rule of not leaving trades open over the weekend.
Psych-wise, will be working more on the effects of greed and fear on my judgement and choices. I’ve noticed that i start to daydream of heroic acts whenever i win and then revert into a humble and philosophical idiot whenever i lose.
Technical-wise, my familiarity in market patterns on the H1 chart are starting to improve, particularly when a bull market is about to reverse. i do need more work on picking entry and exit prices. I always either enter too early or exit too early.
That’s about it. I hope you guys had a good week as well! Cheers!