Stats before this trade Number of trades: 6 Winning Trades : 2 Losing Trades: 3 Breakeven= 1 Net return: +1.6
Remember -Never risk more than 2% of your balance on a single trade. And If you are a beginner 1%. -A Single or few trades result is not important. Whats important is the net return at the end of the month, quarter and year.
You have given some cash to markets for free today, I am sorry for that, because EURNZD is a long setup indeed, I am preparing to go long on it after it gives the signal, will post a chart when I do so, you will have the chance to recover the loss too... anyway. if you were so anxious/impatient to take this trade as an early enter, before it gave any signal of breaking out from structure, you should have placed your SL under the low, structurally that is the invalidation point for this long setup... and the target can be way above the top, not only what you show, because this has a potential to go 1000 pips in an instance... and it will go that far, once it starts flying... patience my friend, patience is the key to success in trading ;) btw, congrats for your 60 trades conquest... it is a really good idea ;)
Technician
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Appreciate ur comments . Amatuers will always judge too early. lets see what happens after couple few months.
@Technician, please, let us refrain from categorizing somebody as an "amateur" here on this site... it could be misunderstood that some of us are above these "amateurs" and it wouldn't be right, since we are all amateurs here after all, including you... unless you have some kind of certificate like a CFTe or MFTA or work as a full time trader at a brokerage or bank or somethin'... which I doubt ;) let the trades you take, and the execution of them speak for themselves, that is a good thought, will tell the whole story!
abood
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Any trade could be stopped out, it doesn't mean it wasn't a good setup, this is the market. For me it's enough that this guy has the courage and confidence to take trades with clear targets ( SL and TP); something that many experienced traders out there don't do.