Battling with Forex dilemma
My trading performance, better to say my account has suffered a lot. I lost about 200 dollars this month which shrunk my balance to 90 dollars.
Well, GBP/JPY shift has beaten me a lot. But, it is not what bothers me. Even not the money I lost, because 200 dollars is nothing compare to what other traders lose in Forex everyday…
My dilemma is in next: if I babysit my trade, trading 5 min charts I win, if I take 10 -15 pips and run away - I win, and my account grows day after day; but when I’m trying to let the trade run, I lose miserably. I do put wider stops using support/resistance levels when I trade larger time frames, but my stops get hit bringing along only large losses.
Here is a nice picture for you:
I have decided to put my trading down. I don’t want to sit glued to the screen, I hate it, it affects my life and my health. And I’m unable trade large time frames or I will give away my last 90 dollars.
I think I’m going back to demo trading to learn how to deal with daily trading. As I learn I’ll keep posting daily analysis and observations, so readers may study Forex daily analysis with me.
I like Forex to give up so quickly , so I make sure I learn as much as I can to come back and win.
Filed under: My trading performance
One Response to “Battling with Forex dilemma”
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I’m sorry for you. On the other hand, it is a part of the learning process. You know, I believe that losing makes you study harder, and when you study, your results improve.
hope to hear about your positive records soon!