8 PIP LOSS on UCAD, I think I understand WHY I LOST
So it would be absolutely unfair and very dirty for me to only talk about when I win my trades, I want to take this time to briefly not only show you the loss, but discuss why I think it occurred.
What this does is allows me to understand what I could possibly do better the next time around and it holds me accountable for my actions.
I think by the time I got the entry for this trade on UCAD, price had been bullish for way to long and I should have known that. If I am looking for a sell I do NOT want to see anything suggesting a buy...I think that is just basic common sense.
I also take this trade while I was at the gym, this in and of itself isn't a problem but I didn't really look at it if I am being honest with myself. I just trusted that it would do what it supposed to do based on my analysis prior..and that was also wrong of me
Believe it or not trading isn't what you do when you win, it is what you do when you lose.
On to the next one
Have a great day guys :)
What this does is allows me to understand what I could possibly do better the next time around and it holds me accountable for my actions.
I think by the time I got the entry for this trade on UCAD, price had been bullish for way to long and I should have known that. If I am looking for a sell I do NOT want to see anything suggesting a buy...I think that is just basic common sense.
I also take this trade while I was at the gym, this in and of itself isn't a problem but I didn't really look at it if I am being honest with myself. I just trusted that it would do what it supposed to do based on my analysis prior..and that was also wrong of me
Believe it or not trading isn't what you do when you win, it is what you do when you lose.
On to the next one
Have a great day guys :)