one of worst trade i have ever managed
took the pin bar on the oil short - knew it wasn't the best location but did have some fib confluence.
Decided would take some quick profit if it got past 40 pips, but as price fell quickly changed my mind and thought i'd hold.
it then retraced and almost took me out of the trade. but rather than let the trade work i came out when price started to fall and came out -40
needless to say it then carried on and back into profit.
just couldn't help myself watch the screen, even though i tried to distract myself with other charts.
Main lesson here would be set your risk, except your risk and leave the trade to do it's thing.
And trade the plan - should have come out when i said i was going to.
not following my plan is what is killing me at the moment.
took the pin bar on the oil short - knew it wasn't the best location but did have some fib confluence.
Decided would take some quick profit if it got past 40 pips, but as price fell quickly changed my mind and thought i'd hold.
it then retraced and almost took me out of the trade. but rather than let the trade work i came out when price started to fall and came out -40
needless to say it then carried on and back into profit.
just couldn't help myself watch the screen, even though i tried to distract myself with other charts.
Main lesson here would be set your risk, except your risk and leave the trade to do it's thing.
And trade the plan - should have come out when i said i was going to.
not following my plan is what is killing me at the moment.