Today, i Mistakenly put my trading $1/ pip............While wanted to put 30 cent...
I entered at the top... GBP/JPY .....
GBP goes down hill and i got spooked.. I knew (asian trade time) it will be less then 50 or 60 pip (SL65) before it come back up again... but looking at $1/pip going down really make me nervous.... I bail out @ 38 pip......
right after i bail out... the market goes up again and come back to where it was. ....... I call it a day and go sleep ..... condemning myself to trade only 10/20cent per pip until end of this week....
After that, i come back before london trading time... and waited waited waited for the right signal.... (~6 hour wait.) finally the signal came... I took allot of pips @10 @20 cent, then ignoring my rule to trade on 10/20 cent and put 50 cent..... .
I took 10 pip, then re enter and take 10 more then re enter for more and more, end up paying MBT almost 40% :surprised in commission off my profit.. I don't really mind the amount of commission paid,
The thing is, I got scared...... It make me re enter & bail out so many times........because I am still afraid of the loss in the morning.....emotion distress....
I would appreciate any help on calming the fear in my heart so I can be a better trader...
Kind regards,
Syafi
I entered at the top... GBP/JPY .....
GBP goes down hill and i got spooked.. I knew (asian trade time) it will be less then 50 or 60 pip (SL65) before it come back up again... but looking at $1/pip going down really make me nervous.... I bail out @ 38 pip......
right after i bail out... the market goes up again and come back to where it was. ....... I call it a day and go sleep ..... condemning myself to trade only 10/20cent per pip until end of this week....
After that, i come back before london trading time... and waited waited waited for the right signal.... (~6 hour wait.) finally the signal came... I took allot of pips @10 @20 cent, then ignoring my rule to trade on 10/20 cent and put 50 cent..... .
I took 10 pip, then re enter and take 10 more then re enter for more and more, end up paying MBT almost 40% :surprised in commission off my profit.. I don't really mind the amount of commission paid,
The thing is, I got scared...... It make me re enter & bail out so many times........because I am still afraid of the loss in the morning.....emotion distress....
I would appreciate any help on calming the fear in my heart so I can be a better trader...
Kind regards,
Syafi