Ams
I'm in the same boat. I've had a couple of big losses (well by my definition of a big loss) this week and now I find it hard to pull the trigger. Last night I entered a short on GU at the top of a retrace and as after it went into profit, I exited on a retrace which left me with a couple of pips loss, just because I didn't want another losing trade. Needless to say after I exited it went back down.
This psychology stuff is hard...and draining.
I find I really have to work hard to keep disciplined and stick to my plan, whereby I make steady profits. But 1 little lapse of concentration and bad judgment negates all that efforet...and that's hard to take.
But I hope I can develop the attitude and discipline to trade coz I love it.
I'm in the same boat. I've had a couple of big losses (well by my definition of a big loss) this week and now I find it hard to pull the trigger. Last night I entered a short on GU at the top of a retrace and as after it went into profit, I exited on a retrace which left me with a couple of pips loss, just because I didn't want another losing trade. Needless to say after I exited it went back down.
This psychology stuff is hard...and draining.
I find I really have to work hard to keep disciplined and stick to my plan, whereby I make steady profits. But 1 little lapse of concentration and bad judgment negates all that efforet...and that's hard to take.
But I hope I can develop the attitude and discipline to trade coz I love it.