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Minyu2Fx

Friday, November 9, 2007

Trading rules

Yesterday I loss 695 pips!!! Actually I had +71 pips and I should not open another position because I have class in the morning. But Noooooo... I opened 3 long position in GBP/JPY based on nothing really, all in tight range. So I woke up with about -350 pips. I went panic because I had class. Damn it!! So I make a fast analysis and figure out that it will bounce. But with all that red pips, I decided to close it all, and I did (Second Mistake). What happen then to the pair was it really bounce. I could have green pips from all that long positions. I am such a baddd trader... :(

1 comment:

PicassoX said...

I feel sorry for your loss. I have been there too before with that killer currency. SInce then, I try to avoid G/J or always put a SL.