Very bad start of the week. I wasn’t open minded at all so far.
I should have traded AUD instead I went for JPY and risk off trade trying to fill a gap that is still there and maybe it is not going to be filled or at least not yet.
Keeping a trade without stop just because of a gap is probably senseless. Again recipe for a disaster!
Instead of cutting the loss I double up and I am now losing 200 pips and waiting for the miracle. Something is wrong with me. I wasted 10 trades budget, 10 opportunities in 1 trade. I erased all the earnings from last 4 weeks and I am back at square 1 with the feeling that I am a very weak trader and far far away from any profitability.
What did go wrong? Why didn’t I just cut the losses short? Seems like I got tricked from the gap.
Hard to stand up now. Let’s try to rebuild from here. Probably I will take a couple of days off. Maybe the week. There are not ideas neither positive thoughs in my mind at the moment.
I will try, thanks! At least this time I didn’t wait till a margin call!
But it is very frustrating. This time more than even. Destroying few weeks of profit with a stupid stubborn trade. I feel a bit demotivated. All time wasted! But the worst thing is that I feel that whatever I will do, no matter how good I will trade, how much profit I will make it will just be wasted time. Just a second of weakness and boom, everything disappears!
I have to do something about it. Maybe I could cut a finger everytime I made such type of mistake. It should work, isn’t it?
Lol… Relax… It’s okay… Take a deep breath. It’s all part of it. Good thing you still have your other profits and your capital is still there that means you are still in the game… Just take some time off. There are more opportunities ahead. ECB rate/ policy changes, NFP, FOMC policy meeting, German election, Australian Election, US debt ceiling all together this month of September… just wait… You do not need to trade everyday… Less trade is more sometimes…
Cutting your fingers doesn’t work because it is not replaceable unless you will be able to " talk" to your computer to place on your trades…lol…
I should maybe have banked something in both trades but it look like I am trying to catch big. Bit annoying to see 2 trades go bad after the good start.
AUD is now going again in my direction. Big time! Pffff…very very annoying!
JPY is going down. Seems like trader are taking profits before US traders will come online.
