Simple's Green Room

[pennies2007]

Ok gang, I tell you about my wins so I don't mind telling you about my losses either.

Yesterday, I made a bone-headed decision to "load the boat" on an EA long position that I had no business doing. I just closed it for a 7.07% loss. The position was too large and I was trying to use only 1 method for determining a bottom, which is never a good idea.

So, there you have it...I do mess up...LOL! The good news though is that I'll get it back quickly. You have to be willing to admit when you're wrong...taking losses is part of doing business and that's what trading is.

Still up very nicely for the month so I don't mind...the only thing that bugs me is I was stupid. Had I taken the trade for logical reasons and lost, it wouldn't bother me at all.

https://www.myfxbook.com/members/nettechs/renko/1282587