Blowing up!

Yesterday I blew up!

I lost 80pips! I did all the stuff I shouldn't have done-- all in one day. Jumping in too early, over trading, overly aggressive. You name it, I did it.

One thing I did not do. I didn't panic which I am quite happy. I genuinely thought that I traded well.. except that the results didn't agree with me. lol.

So what really were I doing wrong? BK analysed my trade and said I definitely over traded and jumping in too early. I'm thankful that he's so patient with me.

I felt that, that was the symptom but not the root. After some praying and thinking about it I think it's definitely me lacking patience. Had I waited 1 or 2 more candles before jumping in, I would have stayed away from a lot of the trades and there would not be a 'over trading'. Had I waited, I would also see more clues as to the trade will happen or not which will lead to more profit.

Most of all, I also think that I was being overly confident. Because I could see so many setups that can support my trade I became bias in what I see. Bk's advice is to get at least 4-5 reasons now to get in. For me, I tell myself to stick with the simpler setups and have very strong support with my indicators.

This article is written to remind me what I learn so that I may not repeat it.

Don't chase the pips. Chase the trades.

today's results -9+4+17+25 = 37 pips.

Not bad for a come back.