You see I am a frog. (Trading your plan)

invest4long · 发表于 2010-10-8 07:06 AM

本帖最后由 invest4long 于 2010-10-8 09:11 编辑

I set two orders for shorting EUR/USD yesterday at 1.3953 and 1.3970, stop loss at 1.4030, target at 1.38 as I said on Corba's pouring water post yesterday.

This morning I found one was filled, because fear of the NFP, (I think the fact is I am not confident with my analysis on EUR/USD), So I improved the stop loss to 1.3950, and canceled another order.

Now you see what happened. My filled order is stopped out, while the EUR is dropping hard. (Eur once hit 1.3975)

So you see analysis and plan trading is one thing while executing plan strictly is another thing.

It is more important to execute trading plan.

It's a lesson for me again, plan trading and trading plan strictly.

Good luck to everyone, trading well!

xiaochong · 发表于 2010-10-8 07:17 AM

because you have more pressure when short

invest4long · 发表于 2010-10-8 07:22 AM

because you have more pressure when short

Exactly, so I should have shut down computer and don't watching the quotes at all. ：）
This is an important reason that many people make money without watching quotes while lose money when they watch quotes.

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[灌水] You see I am a frog. (Trading your plan)