The urge to leave a bad trade or exit a profitable one is many forex trader's demise. It certainly wrecked serious havoc on me these last 2 weeks. It is all part of the emotion that was not there during demo trading making good systems suspect and great trades moribund. I must seek and bow to the mighty King Patience. So, no more trying to rescue anything NOT initially part of the plan: Let the trade make or break itself.
To be truthful, it is not that I am not well aware of all these nor even said similar thing in the past, it is just that I realised the truth about the emotion of money having effect on me despite my 'formidable' defences. So right now I must tell myself the truth: You are not yet defended against money emotions; greed, fear, etc.
Trade Summary: down by 10% in a month. I shall return....
To be truthful, it is not that I am not well aware of all these nor even said similar thing in the past, it is just that I realised the truth about the emotion of money having effect on me despite my 'formidable' defences. So right now I must tell myself the truth: You are not yet defended against money emotions; greed, fear, etc.
Trade Summary: down by 10% in a month. I shall return....
