Thursday, June 26, 2008

Killing me

Not market, I'm killing myself. Why do I try those longer term trades because if they don't go my way I'm brainwashed. I don't know where would I go out. I average for the sake of saving myself making risk and losses even bigger. I don't have the answers. Maybe enough of this kind of losses will one day be enough to stick only with scalping.

I wouldn't enter this trade for only scalping reasons because I didn't have any signal. BOE members have some kind of testimony and I bet that market would be taken down. It was, I had nice profit but I didn't want to take it. When the b/e price came I didn't want to go out. I didn't have any stop.
It was so nice scalp opportunity on the upside when market came to 800 figure. But I was brainwashed.
Whenever I try those longer term ideas I get results like this. So stupid to try it, because my management skills are zero for those kind of trades. I get disconnected from reality. I don't have an answer but not to try that. But I do try anyway.

I feel pretty much stupid and ashamed when I post this kind of charts. So that's good thing. It helps to avoid that for no other reason but to avoid looking stupid on my blog. This time I did those stupid things and I'm happy to get loss on that. It's better to lose on bad trading than to save myself with averaging and b/e. That way you learn.

I don't have to say much in my defense but that I will try to avoid going for bigger gains if that is just idea not reality in good scalp. The problem is always how I start the trade, if it's for scalping reasons it's good. If I look for some kind of swing trade when I enter I'm wrong.
-27 full size pips


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