I once again let somebody influence my trading and it cost me. I moved to 2 micro lots after making that 0.3% back, and looked to short Euro thinking it'd go lower with a stronger dollar closing their respective gaps.
I was up 20 pips and thought about moving my stop to break even. I had in my head somebody telling me 'it should be okay to run with no problem from here' so I was afraid I'd miss on the move.
I saw the news at 3am and even thought it looked suspicious but went to sleep as not much happened. When I woke up I was down some 20 pips and was hoping it'd continue lower after a retracement.
I was wrong and it moved higher some 100 pips for the day, netting me a loss of 30 pips.
I'm back to 1% gain for the year, which is still better than losing money and the markets have not been all that great, but I need to go back to my bread and butter trading which was working just fine for me and was yielding the results I wanted.
My stop here was way too high for what I like trading, even though the set up still looks good to me, sometimes things can be unexpected.
But I need to more to break even and preserve capital when I want to, and I need to take profits when I feel comfortable too also.
Despite all the set backs, I feel like I'm learning a lot and can see a lot more set ups forming. I'm leaning towards my day trading plus some scalps throughout the day as well if I see something that I really like or something that's tradeable, although I don't want to go crazy with trading all the time.
I also need to be better with my journaling my trade right away, and updating the information afterwards.
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