martes, 12 de agosto de 2008

trading mistakes

Well , yesterday was the kind of day you don't want to see too often. I lost the equivalent of an average of 17 days  work in just two hours time.  I made the following mistakes:

 chasing the markets , opening positions and reversing them one minute after...
trading two accounts at the same time , this can get you confused very quickly
I traded too large amounts compared to what I do usually. Four times the usual.
revenge trading
I got furious when several orders were rejected ( "Market has moved") by a  new broker with which I have opened an account recently.  About 20% of the total loss occured because I couldn't close a position.
Not having decided in advance a maximum loss . ( new rule from now on )

A good night sleep ( all positions closed) and back to work this morning.



+15 pips with 2 scalps.  Things are back under control   :-)

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