journeyofarookie2.0

Don't hesitate to pull the trigger

FX:AUDUSD   Australian Dollar/U.S. Dollar
54 0 3
I stopped live trading beginning of January to focus on my backtesting and my trading plan (and saving money to open a decent size account), and this week is the first week where I am able to trade live again.

Been spotting this pattern while doing my analysis, and did not realize that I had set orders both on my demo and live account; but I'm only allowed to trade CYPHER on my live account (and only on AUDUSD             and AUDCAD             because that's the only pairs I'm done backtesting that pattern). Noticed my mistake about an hour after my orders got filled, noted it as a BAD trade in my trading journal and pulled the trigger to get out of the position on my live account.

Stick to the plan, and when making mistake, take action and get out of it right away ! No reason to stay in a BAD trade even if it's in profit !
This is not a signal. Plan YOUR trades and trade YOUR plan!

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