alex.a

My failed trade No.1

FX:EURUSD   Euro Fx/U.S. Dollar
249 4 7
I decided to write my failed trade. A lot of people are writing their success but I have just decided I gotta do the opposite.

Once in a while, I have a habit of going crazy with euphoria and I do this type of trade. I am writing this in order to fix my bad habits. I have to. So, much humiliation will be needed for me to eliminate my bad habits? I will do anything. ^_^
Thank you ~
Trade closed: stop reached: I was supposed to trade this 1 minute but tradingview didn't allow 1 Minute chart. So...

snapshot
Trade closed: stop reached: My failed trade.

I placed sell position.
1) I trade with 1 lot. --- risking 10 % of my asset
2) I didn't see RSI
3) I didn't see Fisher
4) I didn't see Trix
5) I didn't place SL
6) I didn't see Support and Resistance line
(The thought of at least 20 pips above those lines are absent.)

What did I see? Euphoria Illusion. The profit that I would make. Instead at that top, 1.107 I was making -100 above, and I was in panic and cleared the position.


I do this once in a while but I did this twice a day.
What a day !
Comment: https://gyazo.com/307c7abbbd009f4fd8d7afce5db8a914 The actual trade.
Comment:
snapshot
One more time the same mistakes ~ What was I thinking...>_<
Comment: Past week, I was searching for the secure 20 pips zone. The rest of the day I do what I want to or have to do and everyday, just secure 20 pips 1 or 2 times with big lots, thinking this would be suffice.

I didn't know 1 or 2 times success will unguard me with euphoria and lose worse.
This is the market treats. Next time around, no way ~
Comment: https://gyazo.com/e2ffcbfe6d7159639c01fa384a3d2a6b <---- The actual trade.
;-) don't worry it happens to most of us and more that we want to acknowledge. Something else you ''didn't'' , is to check your calendar and we are the last day of the month so trading firms re allocate some asset which provide big move with or without any news. To share with you I close a profit position a bit too early from my initial plan and then place a counter trend (if I close it means i think it will go opposite lol) and bingo I got a sharp 0.40% against my stupid trade...which should have been my initial target...a waste of stress, analysis and maybe money. thanks for sharing ! For info I use an XL where I record and comment each of my trade, it s very useful to correct some of your bad habits.
Reply
is it easy to secure just 20 net pips?
what is the strategy or trade set up prerequisite you need?
Reply
alex.a jangseohee
If you secure which means you know the next 2 pips, which way it would go, you can be rich-quick, using big lots. Simple -
Reply
alex.a jangseohee
whichever it might be the secure fewer pips. that would be suffice the rest of the day, you enjoy ~
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