Biggest Losses Come After Biggest Winners
by Vince Dowd
Hi Traders
Well, i will admit both my trades went south in what was my first real loss in a month. I also was traveling and had a lot on my plate so perhaps i did not evaluate the trades as good as i should have. I was filled on the GBPCAD short trade yesterday early and sold out same day for a bit over 200 pip loss. OUCH!!!
The GBPNZD was down 300 last night but I did not panic and now down 45 pips…this one may come back we will see. I however must now note in my journal that FOCUS is key…sometimes i shock myself that i make the same mistake i have made before….
Please traders, don’t trade when you are in HI STRESS or NOT FOCUSED…we all tend to do it but it will cost you as it has me. I am off to Phoenix today and will not take any trades until i am back and fresh.
On a good note my option trades have been VERY GOOD and I am cautious on the BULL so watching closely
Have a good trading day
Vince