On Monday, shorted 3 trades (EUR/USD, GBP/USD, GBP/JPY) at the Euro session, lost 2 and break even 1. Portfolio was down to -59.1%. The trades staged reversal shortly after the trades were entered. All trades were closed manually after seeing the reversal. Did I enter too early? Or was it the trend reversed?
5 comments:
Hi Heng, i can see some repeated mistakes in your trades, some of which you may not even know about the mistakes. Do you need help?
I read from your blog entries that you want to get back to break-even point in a period of time and you were wondering whether it is realistic to achieve such goal in that given tiem period.... i can tell you it is not easy, but is quite highly possible, provided you are willing to make some changes.
Cheers,
Cruzzie73
cruzzie73 at gmail dot com
Yeah...what do you recommend?
One of the obvious mistakes was your entry, it's called the itchy hand syndrome, you just want to trade even when there is no strong signal. There are a few others that you probably already know.
Now, the not so obvious mistake... many of your losing trades, did the price hit stop loss, and then reverse to go towards your intended direction? Email me, i'll tell you more about that mistake. It's not as simple as just increasing the pips distance to your stop loss.
What's your email?
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