Friday, January 30, 2009

Where is your courage?

The earlier trade was closed with 6 pips gained. I set the Trailing Stop at 45 pips and upon activation, i adjusted it to 75 pips to give it more room to pullback. But it wasn't meant to be, it reversed and hit my TS within 2 hours.

6 pips gained is better than 1 pip lost. My trading partner both entered the same pair and we both exited early. We didn't let it run the whole course and we found out that we are afraid that it will reverse on us before the trailing stop got activated. And we spent some time in finding the right signals only to let fear conquered us. What a dissapointment.

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