This dxy really tested my resolve this week. I was expecting this sell on Wed and Thurs because I have no other objective to the upside as I said in my previous post. But it continued ranging and in that range I lost money. Reason been I was breaking even, entering again since I thought it was a sure move and stopped out many times. It made me also lose my 3 open positions. Now I'm left with just one.
The market can be irrational more than you can remain solvent.
It is okay to reduce risk, it is okay to wait for higher timeframe confirmation.
What is not okay is rushing into a trade and losing money even when you're right.
My objectives for the downtrend are highlighted on my chart. Look at them, I will also update you when I see a possibility of a retracement.
Follow me as most of my trades are market order and not just lines on chart. You will be able to see them on time and trade them with me.
The market can be irrational more than you can remain solvent.
It is okay to reduce risk, it is okay to wait for higher timeframe confirmation.
What is not okay is rushing into a trade and losing money even when you're right.
My objectives for the downtrend are highlighted on my chart. Look at them, I will also update you when I see a possibility of a retracement.
Follow me as most of my trades are market order and not just lines on chart. You will be able to see them on time and trade them with me.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.