Trade for today... I feel ashamed looking at what I did today.
Went long on the arrow but trade was not moving so converted to short. Hit SL.. but shorted again in the first circle despite the price moved and was able to catch only in the 2nd circle. Took 1, 2 trade in the afternoon but not at all satisfied with what I did today.
Total jhatka = -5400/-
Balance left = 15800/-
Lesson learnt :
- Trade only 1 lot either NF or BNF but strictly ONLY 1 till get experienced.
- Don't wait to take the SL. Just EAT THAT FROG !!
Went long on the arrow but trade was not moving so converted to short. Hit SL.. but shorted again in the first circle despite the price moved and was able to catch only in the 2nd circle. Took 1, 2 trade in the afternoon but not at all satisfied with what I did today.
Total jhatka = -5400/-
Balance left = 15800/-
Lesson learnt :
- Trade only 1 lot either NF or BNF but strictly ONLY 1 till get experienced.
- Don't wait to take the SL. Just EAT THAT FROG !!
Sorry for your loss today.
I was also short today morning and SL hit due to that big bar. However I did not try to chase the market after that big bar. Its a common mistake we do and should avoid chasing market. If we do that we are surely going to be trapped. High probable trade was to wait for a pull back and enter again. I did that after a long wait and could cover part of the morning loss in that last move. :thumb:
Its good to trade two lots and book one in profit and trail the other. It keeps you longer in the trend.
All the best!