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If you remember in the last trade, I set a limit sell to take off 500 units of the 600 unit trade. Well I forgot to cancel the trade!! So the sell limit kicked in with no stop loss. This could have been a disaster. Short 1 (500 units) @ 5875 No Stop No [...] This is ridiculous. I don’t have any records of these trade except on my account statement. Short 1 (200 units) GBPJPY @ 5795 Stop @ 5875 (-80 pips) Short 1 (200 units) @ 5744 Stop @ 5825 (-81 pips) Being that there were two identical positions, this was probably a TriScreen Trade. Both stops [...]  Being bad always looks so good...in the beginning! Yesterday I did something that I haven’t done in a long, long, time…execute impulsive and irrational trades. For the last few months, I wouldn’t say that I’ve done anything really dumb. I haven’t traded fantastic, but the ill advised trades that I did take were within acceptable risk limits. Unfortunately, this was one week that some pent up demons decided to rear their ugly heads and take a big bite out of my trading profits. I have since figured out the issues that led to this blowup, but more on that later. Now to the trades… Click here to continue reading Beware of the Devil Inside You >> |
 
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