Click Here to Get 4 Free Trading Videos
 

May 12, 2010 GBPCHF Accelerator Trade Pt. 2

I closed out the last trade at a loss because I was afraid that the trade will go sharply against me.  Well, guess what?  Price dropped back down, so I decided to put the trade on again.

Here is the 5 minute chart:

GBPCHF forex trade

Click above to enlarge

What happened?  I got nervous again and closed out the trade.  This time here were 4 trades on the line.

I ended up with a -17.3% loss on this trade.

OK, this is just unacceptable.  My P/L swings are too high and I am under too much stress during the trade.  That has been leading to poor decisions and not being able to stay in the trade.

From here on out, I will be taking much smaller positions and not risking so much on these stacked trades!!




If you enjoyed this article, you might also like:

  1. May 12, 2010 GBPCHF Accelerator Trade
  2. May 10, 2010 GBPCHF Accelerator Trade
  3. May 6, 2010 – GBPCHF Accelerator Trade
  4. May 9, 2010 GBPCHF Accelerator Trade
  5. May 11, 2010 GBPCHF Accelerator Trade

Leave a Reply

  

  

  

You can use these HTML tags

<a href="" title="" rel=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>