This week didn't start off too well with me. I am in a slight loss practicing the risk/reward thingy. Sometimes I go into a trade without a SL set other times I go in with too small a profit target. Either way it was a difficult monday/tuesday.
I was getting upset too. And the worst thing while trading is being upset.
However halfway through Tuesday I calmed down. I looked back at my journal and colleted myself. Slowly but surely the winning trades came back. My winnings are marginally bigger than my losses now. A small step towards the big goal.
I think the biggest difference I made was to take my time to plan for a trade. To calculate the spread, the SL and the profit. and guess what? It acts as a last filter to take a trade or not... and many times although the setup is right, the risk is just too big.
I'm glad I'm learning this now. :)
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1 comment:
Good job. I had the lesson too, but sometimes I kept forgetting the lesson. :)
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