Vaco
Senior member
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I agree losers dont hurt when you have followed the plan, even speculative losers which are in line with my view for the day and had been confirmed by PA dont hurt, but that long was just daft.
-my view for the day was for cable to close lower
-nothing in the PA (that i could see) suggested we have bottomed out
-I spent the whole time that i held that trade thinking 'i'm getting out at +10' which is always a sign that i should just kill the trade.
Even if my current short goes on a runner and i end the day doing well it will still be my worst day since i started the journal, completely given in to my impulses today
I know my analysis is good (as far as i'm concerned)
I know my setups offer me low risk/high reward trades.
I know that my win rate is 40%+
so why do i let myself get trigger happy after missing a set up. I've done the same thing after missing set ups that occur in the asian session. lowering the TF and trading after a 5 second analysis.
This is very damaging for me and my account and in the past has also led to me increasing the stakes to try and make back losses.
Part of the reason I started the journal is to slow me down stop me doing this kind of thing and it has worked to an extent but i'm far from cured.
-my view for the day was for cable to close lower
-nothing in the PA (that i could see) suggested we have bottomed out
-I spent the whole time that i held that trade thinking 'i'm getting out at +10' which is always a sign that i should just kill the trade.
Even if my current short goes on a runner and i end the day doing well it will still be my worst day since i started the journal, completely given in to my impulses today
I know my analysis is good (as far as i'm concerned)
I know my setups offer me low risk/high reward trades.
I know that my win rate is 40%+
so why do i let myself get trigger happy after missing a set up. I've done the same thing after missing set ups that occur in the asian session. lowering the TF and trading after a 5 second analysis.
This is very damaging for me and my account and in the past has also led to me increasing the stakes to try and make back losses.
Part of the reason I started the journal is to slow me down stop me doing this kind of thing and it has worked to an extent but i'm far from cured.