Disliked{quote} I see I bought the top, what an idiot I am today. I got a little scared I guess and rushed myself into flat position but yes, why didnt I just close the two shorts instead? I use alot of hedging and so far there are a few instances I benefited from but not too many. Anyway, I'd better sit tight for a while, not a good start for the day.Ignored
That is not hedging, you ended up with zero exposure because you were too chicken to admit you were wrong. Don't be afraid to throw in the towel on a crap trade, just do it early.
Hope has no business in trading.
Keep an eye on this TL here and trade accordingly to get your crap entries at least close to zero. You were trading what you thought you saw, not what you were seeing, now in hindsight stepping back you can see what you were doing wrong, hindsight hasn't made anyone any money yet.....
Trade what you see, watch that TL, watch the outliers, watch the Dollar index, watch the news and get out of your entries. If that TL gets a good test with an exhaustion, you may well be able to get out of that 07 trade also so you only carry that one at 21, easier to average.
A contrarian; I always disagree.