Friday, November 20, 2009

Little self punishment

I think that I'm holding a grudge against myself because of my recent blow up so I needed a little punishment. I had nice trade in the direction of trend. Then I tried to pick a bottom which didn't play out well. With averaging and not letting myself to close in a loss I managed to make healthy loss.

-54 pips

4 comments:

ORION MACHINE said...

looks like you averaged that one a little too soon. at least you did not give up.

FX said...

I shouldn't average at all, especially not like this.

Risk Control Master said...

when you average in, do you use market order or limit order on 2nd entry?

FX said...

I use market order always. But I don't want to average at all. So when I average that means I'm not doing things by the plan.