Dislikedmade a bad decision today and lost 10% of my account. Was long the Euro and when the big green candle turned into a big red tail I didn't get out like I should have. Then I absolutely "knew" it would not break the 21. Such a rookie mistake. I'm very very dissapointed in myself, my lack of discipline, or even maturity.
I hope you all can take something from this and not do the same thing.
MerrittIgnored
Didn't you bank some pips with the yen trade?
Also if you moved you SL when the price went back up didn't you take partial profit?
I entered EUR long twice today - one a few hours after your entry after the strong close and managed to get out at -17 pips. Re-enter after the 1H tails and the nice support basing pattern and got 50% PT 34 pips and other at BE so ended day with a small loss due to commissions. Looking back I think that my second entry might be due to some emotional conflicts from the first loss - but the setup was according to my trading plan. I am learning that this method require a lot of patience and I still need to manage/deal with my emotional state after a loss.
This is my toughest struggle right now - not doing impulsive trades after a loss or being careless after a series of wins. My emotional state prevents my thinking mind from following my trading plan and start doing things that later leaves me scatching my head.