till being disciplined trader!

I hope this journal help me in being disciplined trader!

everybody welcome to comment in my journal and help me for my self-control..

i'm having a problem in being disciplined trader..i define rules for myself but cant obey my rules when sitting in front of trading screen..esp i cant resist overleverage or overtrade habits of mine..

so i decided to establish a online journal here..hope this can help me..

best wishes

frugal

i ll focus usd/jpy parity..

i ll sell rallies until daily&weekly bearish trend is broken..

maximum total leverage 1:20 (for UJ parity)

no specific system yet..

current positions:

Currency-Volume - Sold at

USD/JPY 5K 90.04
USD/JPY 1K 90.7
USD/JPY 1K 90.5
USD/JPY 1K 90.6
USD/JPY 1K 91.1
USD/JPY 1K 91.3
USD/JPY 1K 90.903
USD/JPY 1K 91.112
USD/JPY 2K 91.366
USD/JPY 1K 91.44
USD/JPY 1K 91.746

i m at the wrong side again!

shitttt!!!

i cant understand how UJ bounce like that when everything seems bearish to me..there was good consolidation from 87.15 to 90.00-91.00 levels..it would suggest to me new drops are imminent..but still going up...

i asked myself whether i should enter hedge position at 92.00 levels..but i didnt cos i really couldn't find any reason for continuing up movement, i felt if i hedge it will start to drop..

but this is forex..anything can possible..now i m getting another costly experience while i stuck in a bad position...i can endure until 95 levels and now prefer to wait for drop.. no exit for now..but really disappointed..

anyway i ll continue sharing my positions and results..therefore i hope i can reduce my mistakes...

best

frugal