NZD/USD: Longs stopped out on Friday night

I don’t know why I’m so surprised at getting my levels so comprehensively wrong, as its happened many times before, but I am. The insanity of the trader I guess, always thinking I’m right.

At least I had the good sense to dramatically reduce my risk so the stop-out in the Kiwi was more of a blow to my pride rather than my pocket.

I’m square across the board so its back to basics again, watching the market with an open mind. Have a great week.

  1. To paraphrase Mark Douglas, the losing trades are just the price we pay to find out if our edge worked on this particular occasion. Any business has associated costs and trading’s no different and I find that now these beliefs are part of my psyche, if I know I haven’t broken any of my trading rules then I know my edges play out over time so I know i can employ my emotions elsewhere eg when Donegal lose the final!
    Have a great week yourself Sean.

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