Friday, April 4, 2008

I lose much on day like this

I didn't have the courage to enter in the beginning or middle of the trend. I don't know why but it's usually like that. On some other days I risk on various questionable opportunities but strong trends intimidate me. Usually I get frustrated with missing opportunity. Than I look to go against the trend on the expectation that new trend will develop in opposite direction. Than I average down, trend gets extended and I lose 100+ pips or get b/e if I'm lucky.

I'm proud that my tiny +6 pips came from going with the trend and in my spot when I actually see opportunity from price action.

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