Showing posts with label pips. Show all posts
Showing posts with label pips. Show all posts

Friday, July 24, 2009

Just barely made it...

Salam Friends,

This week's trading has been really quite a something..Overall I placed 6 trades which resulted in -4pips for the whole week..hehehe

The first 2 trades were made early in the week, and it was too soon to made sell trades as stock markets were all still in bullish mood..and I realised the mistake and closed the trades for a total of 132pips loss!

Then followed by 2 trades the following day..and the day after..all resulting in 128pips gain

Hence my -4pips loss for the week..huhuhu



I noticed that I am willing to take more risks when the trades are moving against me than when I am in winning positions. I need to improve on this, be more discipline and take my Stop Loss more seriously! and also to take positions only when there is a clear cut risk-reward ratio and good candlestick formations.

Be patient and maintain your Money Management!

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