So...
I screwed up...
I really have something with the USD/ZAR...it makes or breaks me...
Yesterday I looked at that pair and I tought...hmmm...let me bite you.
Boi what was I wrong!
I'm worse then a donkey (lol)
I will not rectify why I did that, its simpple..
It was greed! fast profits!
I did not stick to my plan 100%
I opened USD/ZAR 5mil. That loss brought my account down about 20%.
I closed it manually because it made no sense.
Why let money sit idle, waiting (hoping) for a better result?
Why set a SL 3000 pips away against a TP 900 pips?
This could've been avoided. Slosed it -564 pips.
Now I am not happy with the results of the following pairs, but at least it was part of the plan.
- SELL GBP/USD 1 mil @ 1.2567. Stopped Out -52 pips.
- SELL EUR/USD 1 mil @ 1.0789. Closed it manually because it made no sense to me why it rose. -15 pips. Even at the good US Data it went down shortly but not far enough.
(or maybe my TP was too far 90pips?)
- BUY USD/JPY 1 mil @ 113.08. Stopped out -59 pips.
- BUY AUD/CAD 1 mil @ 0.9878. TP'd 22 pips.
- SELL GBP/USD 1.33 mil @ 1.2650. SL'd -50 pips.
I stuck to my plan to put a SL of max 60 pips. I fought the urges of extending the SL.
Now looking at the GBP/USD... Its now 1.2560. I wanted to put a 3rd sell order. But didn't. It would've been profitable.
But I made that mistake many times. Doing the Same thing over and over again. Some times it worked out, but mostly it didn't.
I don't have any regrets of not opening a 3rd sell.
I have about 50% left of the account.
I was looking for a good opportunity to sell AUD/USD. SOLD AUD/USD 5 mil 0.7663. TP 0.7600. SL 0.7710.
IF it works out great, if not, well...
I screwed up...
I really have something with the USD/ZAR...it makes or breaks me...
Yesterday I looked at that pair and I tought...hmmm...let me bite you.
Boi what was I wrong!
I'm worse then a donkey (lol)
I will not rectify why I did that, its simpple..
It was greed! fast profits!
I did not stick to my plan 100%
I opened USD/ZAR 5mil. That loss brought my account down about 20%.
I closed it manually because it made no sense.
Why let money sit idle, waiting (hoping) for a better result?
Why set a SL 3000 pips away against a TP 900 pips?
This could've been avoided. Slosed it -564 pips.
Now I am not happy with the results of the following pairs, but at least it was part of the plan.
- SELL GBP/USD 1 mil @ 1.2567. Stopped Out -52 pips.
- SELL EUR/USD 1 mil @ 1.0789. Closed it manually because it made no sense to me why it rose. -15 pips. Even at the good US Data it went down shortly but not far enough.
(or maybe my TP was too far 90pips?)
- BUY USD/JPY 1 mil @ 113.08. Stopped out -59 pips.
- BUY AUD/CAD 1 mil @ 0.9878. TP'd 22 pips.
- SELL GBP/USD 1.33 mil @ 1.2650. SL'd -50 pips.
I stuck to my plan to put a SL of max 60 pips. I fought the urges of extending the SL.
Now looking at the GBP/USD... Its now 1.2560. I wanted to put a 3rd sell order. But didn't. It would've been profitable.
But I made that mistake many times. Doing the Same thing over and over again. Some times it worked out, but mostly it didn't.
I don't have any regrets of not opening a 3rd sell.
I have about 50% left of the account.
I was looking for a good opportunity to sell AUD/USD. SOLD AUD/USD 5 mil 0.7663. TP 0.7600. SL 0.7710.
IF it works out great, if not, well...