So, My run of green days is finally over. While I made healthy 35 pips over at FXCB, FXCM account was a disaster.
A few things that I did that I KNEW I shouldn’t have done:
1. Gamble on Forex.
2. Get back at the market.
3. Use more than 25% of account at once.
4. Expecting price to move rather than catching the right train and getting off at the right time.
5. Trade the news, expecting it will go to my side.
6. Over leveraging.
7. Not logging out when it was required.
8. The most dreadful mistake, not seeing price action, which meant all I did was step 1.
In the end, I did get some sense into me to stop trading after wiping 60% of my account clean at FXCM. At one point, I was determined to wipe my entire account, just to get back at the market for eating my money.
What good it would have done? Thats right, that is when I quit trading for today.
Here are the attachments:
Anyways, I will only be trading on FXCM tomorrow. Well, not to get back, but I need to make a good number of pips this weekend to restore my account to where it was at the beginning of the week. Still, I do hate over leveraging.
And what is it with FXCM? I thought FXCB was slow. The stupid thing is taking ages just to print today’s trading report.
Anyways, got to make 250-300 pips tomorrow to clear up the losses, trading 2 micro lots and 2 micro lots only. And if not within tomorrow, at least by the weekend I intend to rake up 400 pips. This is damage control.
Peace…
