The past week has really tested my self-belief. Which is another way of saying that I made a bad EU-short entry.
However I did manage a couple of sneak trades to reduce the draw-down along the way. This evening finally I closed the trade in profit, which is good because I was shaded out of some other opportunities Friday and today. Family distraction took me away for a few hours on Friday, by the time I returned the consumer sentiment figures had been published and EU had soared. My Cable-short was also stopped-out for one pip profit, so zero after the broker took his commission. I should have reloaded my Cable short on Friday at 1.58.....
Anyway, what this really shows is that either you are concentrating on trading, or you might as well not bother. Or maybe I needed some better planning.... I elected to close my EU short this evening at 1.1301 rather than bank on some heavyweights piercing the barrier and that at least was a good call. EU idly sitting at 1.1305 so far.
However I did manage a couple of sneak trades to reduce the draw-down along the way. This evening finally I closed the trade in profit, which is good because I was shaded out of some other opportunities Friday and today. Family distraction took me away for a few hours on Friday, by the time I returned the consumer sentiment figures had been published and EU had soared. My Cable-short was also stopped-out for one pip profit, so zero after the broker took his commission. I should have reloaded my Cable short on Friday at 1.58.....
Anyway, what this really shows is that either you are concentrating on trading, or you might as well not bother. Or maybe I needed some better planning.... I elected to close my EU short this evening at 1.1301 rather than bank on some heavyweights piercing the barrier and that at least was a good call. EU idly sitting at 1.1305 so far.
Carbon-Dioxide: the gas of life!