Friday, June 20, 2008

Lack of real motivation

When you trade without motivation you find a way how not to get profits. I think that is my main problem now.



I had long trade in eur and gbp b/o type. It fall down. I averaged gbp and when it came back it hesitated to go more up I made an exit in both. Gbp was just chop from that point but eur started trend.

Later when eur started breaking up again I enter just in gbp. It went little up but back down. So I said if it doesn't have strength to go up it's weak so let's short. So I exit my long and initiate short. It wasn't at first going nowhere. Than eur started to go in range and gbp up. I chose to average. I had one short in eur also but in the end it stayed there. I exit my gbp shorts with -20 full size pips, it was 30 pips better loss than at high point.
It did fall later more but I didn't wait.

I'm not angry at all because I see the pattern. I was all motivated and hyped up when I was recovering from 300 pips loss. Now that I'm at the same point like before I don't have motivation for winning. I simply wanted to recover and now I don't know what I want. It's not trading problem. It's problem of trading positioned in life. I don't know really what to do. If I continue to trade I will lose than recover, than lose again. It's fun and interesting voyage but it's not really my choice. I don't have definite solution right now, I just can state the situation as it is






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