An exercise in frustration | Forex Factory

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An exercise in frustration

  • #1
  • First Post: Mar 9, 2007 1:23pm Mar 9, 2007 1:23pm
Today was one of those days when my fingers prevented me from placing my trades as planned, and I can't wait for the weekend!

Has anyone else done done the same stupid thing over & over and wondered "What in the world was I THINKING?"

Today I meant to place a buy order GBP/JPY. Instead I placed a sell. When I realized it, I Placed a buy order for twice the size...forgetting that I can no longer stop&reverse that way since I have fxcm's hedging feature...DAMN. Yeah, I'm still in a profit on the second trade, but that was just Stupid Money lost on the first ( The damage wasn't bad at all, just frustrating) ...

OK, fast forward 2hours... I intended to buy on the dip. NOPE. Sold again.

But at least now I know WHY this mistake is happening...frickn frackn... And and I know to check my trades before I press the launch button.

Talking out loud to myself: If I don't close that 227.89 by today's close, I will probably regret it... STICK TO YOUR PLAN!
  • #2
  • Mar 9, 2007 1:32pm Mar 9, 2007 1:32pm
I'd like to be supportive but the fact is that if you can't pay attention in a fast market like Forex, maybe you need to either reanalyze your skill set or abandon the game altogether.

Getting into the sterling/yen is like getting on a rodeo bull. You shouldn't be anywhere near that market if you have any coordination problems.

Try a higher interval. Get sleep. Eat food. If your brain isn't working then step away from the market.
  • #3
  • Mar 9, 2007 1:46pm Mar 9, 2007 1:46pm
Not Quite

Did you intended to place the order and just changed your mind at the last second or did you just click on the wrong button by error?
  • #4
  • Mar 9, 2007 1:48pm Mar 9, 2007 1:48pm
Well just don't measure your loses from the capital that you lose.the hidden loses have to take into account as well.what i want to refer is the damage of mind set that cause by the first trade.after your mentality balance is shaken it will bring u to another mistake and as well as capital loses.:0 just try to have fun with the market.good luck..well u dont need lucky charm to be honest.

Quoting NotQuite
Today was one of those days when my fingers prevented me from placing my trades as planned, and I can't wait for the weekend!

Has anyone else done done the same stupid thing over & over and wondered "What in the world was I THINKING?"

Today I meant to place a buy order GBP/JPY. Instead I placed a sell. When I realized it, I Placed a buy order for twice the size...forgetting that I can no longer stop&reverse that way since I have fxcm's hedging feature...DAMN. Yeah, I'm still in a profit on the second trade, but that was just Stupid Money lost on the first ( The damage wasn't bad at all, just frustrating) ...

OK, fast forward 2hours... I intended to buy on the dip. NOPE. Sold again.

But at least now I know WHY this mistake is happening...frickn frackn... And and I know to check my trades before I press the launch button.

Talking out loud to myself: If I don't close that 227.89 by today's close, I will probably regret it... STICK TO YOUR PLAN!
  • #5
  • Mar 9, 2007 2:02pm Mar 9, 2007 2:02pm
Quoting WHTenn
Not Quite

Did you intended to place the order and just changed your mind at the last second or did you just click on the wrong button by error?
wrong button... I usually place limits, but strayed away. Now I'm thinking, I probably better return to that so that I can check the orders before my trade is made.
  • #6
  • Last Post: Mar 9, 2007 2:07pm Mar 9, 2007 2:07pm
Quoting wheel of fire
I'd like to be supportive but the fact is that if you can't pay attention in a fast market like Forex, maybe you need to either reanalyze your skill set or abandon the game altogether.

Getting into the sterling/yen is like getting on a rodeo bull. You shouldn't be anywhere near that market if you have any coordination problems.

Try a higher interval. Get sleep. Eat food. If your brain isn't working then step away from the market.
Believe me, I'm well aware of the challenges. Can't blame today's mistakes on anything other than stupid mistakes. I'm pretty happy with my results so far (System & Plan are profitable---not perfect, but profitable) It's the EXECUTION that got me into a jam today
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