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First Trade Closed

Closed my first trade with a profit of 51 pips. Actually I closed it early as I believed it was reversing. If I had sat on my hands it would have reached my take profit target.

It is still a lesson I really need to learn is to allow the trade to run its course. By closing early it shows emotion, which when trading Forex can be very dangerous. While I know that it is a problem I can work on it, and will be my main focus over the coming months.

Although I mus admit that keeping patient in the temperatures we have been receiving is a big job. Seven days of the last eight have been 40+. Thank goodness for the time inside with the air conditioner.

There will be a lot more money in the market from next week, which will hopefully allow for more trades, provided that conditions are right.

Will not be looking at charts over the weekend, but have to do some tax work, so I will not get a lot of free time, especially on Saturday. Am going to try real hard to not look at a computer at all on Sunday

 

One Response to “First Trade Closed”

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