Ok so yesterday was the perfect storm and my account took a hit to the tune of 8%......In a nutshell, I had too much exposure to USD, too much risk on the table and two trades that I entered abnormally (USD/CAD & USD/NOK). The FOMC meeting caused a drop in the USD not seen in six years and all these factors together struck at once. Furthermore, USD/NOK, USD/SEK and GBP/USD all opened yesterday and hit their stoploss yesterday. As a general rule, I would close new trades if the risk was too great, but I did not get the opportunity to close them or tighten the stops. This was not due to complacency, but complaceny had been coming into my trading style, I think with my success, I was getting over confident. I will need to review my strategy and get back to basics.. I'll get the trades logged this evening and move on.
Even a journey of a thousand miles starts with a single step.