Cashflowmarcofx

You Can Not Make It The Way You Want To Go?

Long
OANDA:GBPJPY   British Pound / Japanese Yen

One millionaire trading habit I have learned is to FOCUS MORE ON SYSTEMS & GOALS Knowing this, I KNOW BETTER, from last week, not to risk more than 1% of my account in every single trade. I strive to trade another day. A losing day has given me so much more insight, into myself, and my strategy, more than a winning day, allowing me to sharpen the saw on my risk management. In this case, I took my most expensive loss, losing merely 3% in four single trades. I went against the trend, and saw price Breaking my bullish breaker orderblock, but it did not, and reversed to my bearish orderblock. That simple. Lesson of the day, the trend is your friend. Trades like this are mistakes I document, learn from, and prevent, because we Do not want this to happen again. Being in the trade exudes a different energy signature. It is imperative to control your emotions inside the trade. What do I mean by this? You must stick to your plan once it is set, and I mean to the tee. OR you will inevitably make unnecessary mistakes. In this market, costly mistakes will literally cost you money. In this particular trade, cutting our losses short was a valuable lesson today because if I plan to successfully manage risk according to plan, I must follow my own plan's parameters, and follow instructions. FOCUS ON YOUR SYSTEM!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.