CAD/JPY, D1. I don't know, lol!!

3 Ağu 2020

CAD/JPY, Daily chart. Entered short last week and now Price is at the Baseline... I lost this round, hahaha!
Waiting for Price to cross and close over my baseline and will enter long. I don't see much action or movement as of now so probably I should move on and just find another trade. Same with my ZAR/JPY, I'm still on +pips but since there is not much movement, the spread is killing me, hahaha!!

3 Ağu 2020

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Update: I think I should write this targeted for new traders (and especially for my noobie brother who might be reading this)...
It's okay to lose. We can't win everything. The important thing is that we don't blow up our accounts so that we can take the next trade again. I have blown 2 accounts before but I think of them like a trading tuition fee :)
Even if we are losing on some trades, sometimes all it takes are a few good trades and we can still be on the positive. Just like this example, I lost 2, not making money on 3 but 5 of my other trades are on the positive. So to make it easier to understand, I lost around 50 pips on both, 3 are not making money yet or maybe they will be losers, 5 are still ongoing and with a rough sum of +990 pips. So if I play it right, my wins can cover up for my losses. Remember that even if you lose, as long as your total is in the positive, you should be okay..