Frankly I am disappointed with myself....totally screwed-up for my forex trades as I lost about 3/4 of my total profit in my fund in just two days of trading. Why? I didn't put in a stop-loss for my trades becoz I felt USD/JPY and USD/CAD were already too low to fall lower. But they both did so....until I gave up on Thursday and kena stopped out. Then when the non-farm job data came out....I still go "long" for USD/JPY but didn't do a thing for USD/CAD. Yes....USD/JPY continued to fall while USD/CAD "fly", worst I kena stop-out for both my "short" trades for EUR/USD and GBP/USD.
Well...back to the drawing board!
Guessed...after getting burnt by the stock and forex market and with what are happening at the moment. Best to lay low and count my blessing for now....and prepare myself for whatever is happening and the future!
Friday, August 06, 2010
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About Me
- wINtoTo N aLSo 4D...yEAh!
- tO hAVe FuN wiTH mY liFe aND aLsO wAnT mY loVED oNeS tO hAVE tHE SaME tOO. :) bUt iN rEAL LiFe tHaT sHouLd bE sOOn.
10 comments:
silly mistakes....really! just cannot leave out the stop-loss for any sort of trading in future.
I burnt my fund when I did the same thing for my CFD on HK stock esp for SMIC. Guessed I didn't learnt my lesson well. sighed!
May have to remind myself of the basic trading rules.
wah pan....nice skin la!
The problem is you, the issue is not a stop-loss
well, it is all a game, you win some, you lose some and you learn a lot of lessons along the way.
You just lost of your total profit - YAWN. I can't believe these kinds of things really happen
Usd/jpy and usd/cad is one of those issues that features key greatness, and that involves experienced ministership on
Trading is something that best seldom be managed devotedly by you
I get the same problems frequently. I am so sympathetic to you. Good luck with working this issue out...
Giving on thursday is a top-notch idea
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