Yes, that was what I meant: "risking a profit turning into a loss". I hate that. P.S. You can publish your trades here.
Good point, rax. I tend to beat myself up over missed profit opportunities when my prediction was right, but I couldn't see the trade through. Today's eur/usd, gbp/usd case in point. The good thing is I can let go of it easily, but it definitely pops up after I've realized things worked out nicely in my favor.
Thanks for the offer. I may start to do that. Time to get some lunch. Enjoy the rest of your day (night in Europe?). Steve
the thing that was holding me back the most in my trading was when i set me goals like "i want to make 100 pips a week" or somthing like that, "i want 500 pips a month". all BS! now im just leting it flow, of course my goal is to be profitable and of course to make 100 pips or more a week, but i dont think about it too much. the pressure from those old goal was not good for me because it made me cash in too early, pull the trigger on a loser too early and being too active about the market with bringing home loss and then trying to "fight back". now i like the zen attitute. meditate. relax. but actually at the moment im meditating about closing my eurusd because it was +115 ealier now +84... maybe i change sides soon... getting nervous again...
eurusd really bounced off the lows. maybe just some big banks traders in europe dumped their positions to go home with a cleaner account... but i see the eurusd lower. if not i have the usdchf in the market.
We will have non-farm payrolls from France 6.45 GMT. Prior: 0,1. And Euro-zone GDP 9.00 GMT. Prior: 0.3. Consensus: 0.4.