The only mistake [and its a massive lesson for all newbies in this thread] he has made is getting married with a bad position.
- You can recognise seasoned traders from the pack because they have the ability to recognise a mistake or a change in market conditions and adapt very fast without getting drag by the "i have to be always right mentally". You don't just sit, hold and hope when you are wrong in trading.
- As you probably know, the day one start understanding that successful trading is not about being 100% right but about being consistently right and minimising the risk and cost of the bad trades, is the day you start making profits in a consistent way.
- You don't dwell a bad trade and try to look for justifications in every imaginable way. As you know, you just take it and move on to the next trade.... sadly he hasn't.
In any case, Globex closing in a few minutes and that was it for a massive NFP that will have a v. long tail next few days...
sisse
Pending conversations? PM for a chat...I am mainly in OTM now