mercredi 20 août 2014

Shell Shocked - how to be more confident in trades I place

I have been trading for about two months now. I have made some huge mistakes, but I am thankful to experience those mistakes this early.



Number 1 mistake I made so far was adding to a losing trade. I lost a huge amount of Pips because I kept adding to an already losing trade.



This happened because I often close trades manually when they are in the negative where upon I see price, days later, (which was exactly my thoughts when I made the trade) right around where I wanted it to be. (so, throw away good enough trades)



Now I am "shell shocked." I make trades hastily, and close them (which would have gained); and worst of all, I waited for signals, followed the advice in the webinar and hours later freaked out again and took 3 pips instead of waiting until the trade hit targets (which they did).



thank you,

Grant




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