This is the business we have chosen ~ The GodFather, the movie
Another losing day for me.
“OK, I am going to shut down this blog, stop trading, slam my computer, close my trading account, go to look for a job at McDonald since it is operating 24-hours a day now in Singapore.” 😆
Cut the BS..Well, the feeling sucks, when having a string of losses. But nothing really serious. Before blaming the market, I look at the chart again. Yesterday’s loss apparently was my mistake. Thanks Vincent for reminding me about my stop level. Who would put the stop loss level right at the last high? That’s me. And I was well prepared and highly qualified….to be whipsawed to dealth.
I was looking at currency market yesterday since I got a little extra time before cash market opened. Instead of trading during normal U.S cash market hours, better opportunities were found around 6am to 9am (NY time). This is something I will have to consider (basically, it means, I will be rushing home as earlier as possible).
I am pretty lucky to have learnt some money management ideas, and having a pretty good start of August. You will only feel the importance of controling your trading risk and capital protection when you are having a series of losses.
Time to have my coffee. Let’s fight another day.