psaTrading
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Yesterday's rise was also fueled by the shortage of liquidity. Most fund managers is still on vacation, and only returned next Tuesday after the Labor Day.
Short DAX @ 10675
And breath again. :clap:
adding to position every 20 points lower
Next time, do not add to positions like that. Not a nice feeling. Accept to take losers......even if it stops you out and goes in your favour.
Half off +15, stop to +5 on remainder
Easier said than done.
I f**ked me self over going long on EUR/USD last Friday...adding to forever falling EURO....and ended up accepting £2k loss which am now trying to recover.
I agree Dinos.
Long trade was taken out of frustration as previously missed going long on that pair earlier on the week and on Friday, after Yellen's Friday pop, I thought, this is it, it wont fall and will head towards 11400.....
Initially had long orders @ 11235, it spiked down to 11240 twice earlier last week....so Friday seeing Euro at 11280, I thought it was a bargain long....then I kept adding until my stop was 11220. Glad I didn't add further as its now trading 11170s!
go short.
Let's talk 4pm New York time.
Might be a few bed time short orders for me.
have you got your speech ready????