Friday, March 26, 2010

Once I broke my rules

Its happened last 2 weeks when my confidence level was sky-rocketing after a series of daily home run. At that time, I felt like I was so invincible to the market and no one can beat me up until the reality has smack me down right on my face.

A weeks of profits has been risked just on my single trade when the movement of EJ that I'd traded that day went sharply against me for more than 100 pips. .....

It's a hell of feeling when you saw your profits that you hardly earned for over a weeks was virtually gone in a 30 minutes of trading times. It's really a heart broken experience ... more than anything that I ever feeling before.

It's all started when I broke my rules which giving me an uncountable series of winning trades... .It's happened when I've opened a slightly bigger lot than my Money Management rules that I've set for my 1st trade on any particular sessions. ......

The moment I've felt that I already broke the rules ... the calmness has gone forever during that trade. . at one time .. the volatility of EJ which it used to be, have put me out almost 40 % of my trading capital.

You can now see on how a problem arise when you broke 1 or 2 of your trading rules, which been a catalyst to be your winning trade solutions.

Due to this mistakes, I've surrendered almost 90% of my profits that I've made for that week .. and luckily my previous capital was still intact. .. but the biggest consequences that I feel for a several days  is the FREEZING feeling whenever I'm trying to enter my trade ......... for some experience or intermediate trader .. they will know on what's the meaning of becoming freeze whenever you're approaching your trade stations

As what I've read once from the book that I've downloaded before .... It is a newbies attitudes ... they never listen to what experienced trader have ever told them to avoid breaking any rules... until the bad things really happened to them ....they wont see it .....

haish ...... its hard to admit .. yeah .. I'm still having my own newbies attitude that I want to get rid of it forever .. ASAP ....