Trusting your Analysis.
Here was a great day for many traders trading GJ. Most traders are aware of GJ being one of the more volatile pairs, although today was volatile it followed simple patterns, reaching highs of 161. and then reversing to low 160. I opened various trades through these motions at different prices, my mistake was not sticking with my original opening trade as It meant I missed out on hundreds of pips on such a simple trade. I also re-entered at different prices, this is a lesson learnt as every time in doing so, I am only increasing my potential for risk. Had I kept my sell at 161, my open risk would've been miniscule compared to my sell at 160.500.
Listen to your brain, it's okay for a price to jump around, just have patience, before entering the trade you should try anticipate any fluctuations and at what levels, this will help you understand if your position is on track or not. And don't get FOMO, as you are only increasing your potential for a loss. It will be more beneficial for you in the long run.
A bad trade is a bad trade.
Listen to your brain, it's okay for a price to jump around, just have patience, before entering the trade you should try anticipate any fluctuations and at what levels, this will help you understand if your position is on track or not. And don't get FOMO, as you are only increasing your potential for a loss. It will be more beneficial for you in the long run.
A bad trade is a bad trade.
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