The last couple months have been pretty frustrating for me. It has been a combination of the illiquid summer markets and me trying to get my head around some different strategies that I have been learning from
Rob Booker, Chris Lori and Hector Trader.
BTW, Chris Lori just started his new website and you should really check it out. I watch all of his new videos and blog. They really help me get another prospective on the markets. Everyone looks at the markets in a different way and you can always learn a thing our two from any professional trader.
I did a trade on the US Dollar / Canadian Dollar and ordinarily I think I would have made out like a bandit, but these are turbulent times and the USD/CAD isn’t the most predictable pair to trade.
I have been burned on a few other trades in the past month where I should have taken what the market was giving, but I decided to hang on and got too greedy. The same goes for this trade…
So the moral of this story is that I should have closed this trade when I was up about 50 pips. The result was I got stopped out for an 18 pip loss. Not earth shattering, but if I have to choose between losing and winning…anyway, check out the video:
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