Open trading account 
I've been focusing more on studying the "chart" of my own trading behavior as of late, with a lot of focus on trading psychology.
The pattern that I have found, whenever I catch a really good trade, I tend to get a bit careless and over confident in my next trade. So I'm trying to be mindful of that and be more aware when those type of situations occur.
Yesterday I posted about a GBPYJPY short, the pair came down nicely today and is currently sitting in at +190 pips. I took the trade on my contest account as well as shorting EURJPY, CADJPY, & USDJPY on my real account. I was expecting the Yen to strengthen however a bit surprised how fast it happened.
Sure enough, I now catch myself just itching to get into another trade. If you've read some of my previous blogs, you will know that I've been extremely patient this month, but I catch myself ready to take just about any trade setup right now.
This quote by Bill Gates seems to fit this blog piece quite nicely:
So I write this blog. Get my mind of things. Blogging really helps me to get my thoughts out and provides perspective. I try to write about useful topics, in order to engage other community members and hopefully provide members something to learn from. If that is happening or not, I'm not sure. But it sure helps me to write about my trading and read other's blogs as they are going through their own share of ups and downs in trading.
The pattern that I have found, whenever I catch a really good trade, I tend to get a bit careless and over confident in my next trade. So I'm trying to be mindful of that and be more aware when those type of situations occur.
Yesterday I posted about a GBPYJPY short, the pair came down nicely today and is currently sitting in at +190 pips. I took the trade on my contest account as well as shorting EURJPY, CADJPY, & USDJPY on my real account. I was expecting the Yen to strengthen however a bit surprised how fast it happened.
Sure enough, I now catch myself just itching to get into another trade. If you've read some of my previous blogs, you will know that I've been extremely patient this month, but I catch myself ready to take just about any trade setup right now.
This quote by Bill Gates seems to fit this blog piece quite nicely:
Success is a lousy teacher. It seduces smart people into thinking they can't lose.
So I write this blog. Get my mind of things. Blogging really helps me to get my thoughts out and provides perspective. I try to write about useful topics, in order to engage other community members and hopefully provide members something to learn from. If that is happening or not, I'm not sure. But it sure helps me to write about my trading and read other's blogs as they are going through their own share of ups and downs in trading.
