Open trading account 
I had a good day yesterday. My account balance got pumped up by about 10% and again I'm one of the top leaders in the Trader's Contest which makes me happy. I opened(and closed) a lot of trades. Most of them were going long with the US dollar but the most profitable turned out to be shorting Japanese yen which hit tough support against euro, the pound and the US dollar. These positions just jumped suddenly up, most likely on a combination of profit taking before FOMC minutes and also because they hit their support. I closed both EUR/JPY and GBP/JPY too early. If I only waited another 30 minutes there was another 50 pip move in favoring direction. The same happened with my short GBP/USD - if I only waited longer the trade could have been quite lucrative one with at least 60 green pips. Naturally, I had losing positions as well that ether hit a stop loss(tight) or I closed them anyway if they didn't make sense at that moment. Everyone has loosing trades but what counts in the end is the total balance and mine was positive yesterday.
But here's a thing. At the beginning of the month when the Trader Contest starts almost everyone trades in a very aggressive manner. So do I. But now, my perspective is quite different. I already clocked about 500% this month and I'm one of the top contestants with a real chance to take one of the top prices. I feel I need to resist urges to take too much risk. Don't get me wrong, I loove the risk in trading but at this stage I have much to lose, especially that there is less than a week till the end of the Contest.
But here's a thing. At the beginning of the month when the Trader Contest starts almost everyone trades in a very aggressive manner. So do I. But now, my perspective is quite different. I already clocked about 500% this month and I'm one of the top contestants with a real chance to take one of the top prices. I feel I need to resist urges to take too much risk. Don't get me wrong, I loove the risk in trading but at this stage I have much to lose, especially that there is less than a week till the end of the Contest.
