Shut Up & Trade: Trade Review 271009, Trading Ego In Overdrive

This just in – woman trading on the wrong side of the road got out with barely a scrape, just -1.97 pip. Other traders secretly smirked as woman continued trading in the wrong direction for almost two hours – barely batting an eyelash.

Trading ego: the size of Belgium.

Trading philosophy: oil is about to break down, so short commodities currencies. Look for stop-running potential. Get super-excited and even start serenading in out-of-tune, squeaky voice.

Currency Pair: USD/CAD

Execution: Fatally flawed.

Trading Ego Magazine: What were you thinking – trading in the wrong direction for two hours straight?

ForexDiva: I am not going to even start making excuses for myself. I tend to use my innate bimbo-ness as an excuse for poor trading, but find that after two years of serious forex trading where I studied technical analysis with all my heart, I should definitely stop hiding behind the façade of being a bimbo. It’s only hurting myself and I could have caused some serious bandaid ripping incidents too.

Trading Ego Magazine: How do you feel right now? Are you still going to continue trading?

ForexDiva (tears in eyes): Honestly, this could have been the final straw that broke the diva’s back. However, as I said before, I have been trading forex for two years now and although it appears I haven’t been completely serious about it at times – or even respected the sanctity of trading very much, I do put in the effort and have been dedicated. I will have to perhaps simplify my future trades somewhat. Directionality and math are not my fortes. When I’m in NYC, I have to ask for directions all the time. This whole oil south, USD north thing… wait, did I even get that right? So, yes, I don’t know left from right there, but strict money management, a little bit of luck, and a trading ego the size of Belgium saved me on this trade. If I had a trading ego the size of China, that would have been a different story. But let’s be politically correct here.

Trading Ego Magazine: Are you feeling any remorse at all?

ForexDiva: Yes, definitely. I told myself, I’ll be able to forgive myself with this trade by taking a conservative hit because I clearly didn’t think this trade through completely. I still don’t get it. If oil’s going down, then USD has to be going up. So that means I have to be long USD/CAD, right? Why did I short it? Looking at it from the technical analysis perspective, it says to short because I see the stop-running potential is greater with a short. But maybe the stop-running potential dates back from way back when… Plus, I just was trading the wrong direction. No excuse for not knowing left from right.

Trading Ego Magazine: Any other remarks?

ForexDiva: The road to profits is clearly paved with good losses. This was a good loss. And I’m going to do my best to redeem myself. Three more trading days till the week ends… But, could someone please hold my hand? I think I need a hug too. (faints)