My first trade didn't work out which resulted in a $2.32 lost ,but earlier today I shorted Gbp/Jpy making back $1.32. As I was looking at this chart I noticed that this has formed an inverted cup and handle pattern.My plan is to short this and hold my position for a few days. I won't have any stops in place so this could end it all or it could be the start of something good lol.
Entry:138.844 Size position: .05 Current balance:19.00
Quote:"Sometimes failure is merely chasing you off the wrong road and onto the right one"-Paul Tudor Jones
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Trade active
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Adding to my position at 138.336. Lot size again .05.
Comment
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I made a big mistake adding to my position!! Leverage is a huge killer!! My second position got closed at a $18.96 lost. My current balance is .04 with my first position still open.I’m not sure if i will survive this.