Mistake today was second trade in gbp/usd where I shake myself out. I guess I didn't divide that paper profit with three and question taking 2 pips profit.
+13 pips
Thursday, March 19, 2009
Whatever works for me
I'm now trading 1/3 size. Don't know is it because I don't like the charts so I don't want to trade new full size or is it just too big for me. It works so why bother about reasons for this or that. I remember last year my best results were when I was trading "half size". I just like that feeling that profit or loss is smaller than it says. I got to divide it with 3 in my head and that calms me.
Mistake today was second trade in gbp/usd where I shake myself out. I guess I didn't divide that paper profit with three and question taking 2 pips profit.
+13 pips
Mistake today was second trade in gbp/usd where I shake myself out. I guess I didn't divide that paper profit with three and question taking 2 pips profit.
+13 pips
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5 comments:
GREAT job cutting those losers short man... excellent trading. now if we could just do that everyday ;))
I like the best fact that I'm not concerned with missing on the big moves. You know that wishful thinking "if I only held on some position look at the market now in how big profit it would be". When I was looking that fed moment later in the evening, it was thinking on one minute it's one price on next minute it's 200 pips bigger price. Well why would I know something like that? If all others in minute before didn't know it, why would I? It's illusion when you look at the charts after the fact and then think about it how it all look simple.
I only have market and chart that is right in front of me when I trade and that's it. Anyway I like more calmer market, this is ideal for swing trading, trend trading, not so much for me.
"FX, your comment, "on one minute it's one price on next minute it's 200 pips bigger price. Well why would I know something like that? If all others in minute before didn't know it, why would I?" ----- this wee observation is pure gold.
Thanks MarcoA it really was on of those clarity aha moments.
Your doing great man, keep it up!
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