April Flowers Bring May Showers...

This is just not working.

So far in the session, my portfolio's down:

-2.42% on the standard brokerage
-1.47% on the Roth IRA

I was out 60 pips yesterday due to two GBP/USD long. One of them was especially frustrating. I entered the first trade several hours before Bernanke was scheduled to turn up the heat on the USD longs. I thought I'd pressed the wrong button when I got QU stopped out at -30 pips. I then got into a second long position a few minutes pre-Bernanke and was up over 50 pips almost instantaneously. However, I set a limit at 1.57 and it retraced.

I was absolutely appalled when I later checked on the trade and noticed I was stopped out again at -30 pips. I was totally in WTF territory then, but it turns out there's an automatic setting on my trading platform that sets a stop loss order of 30 pips, which I hadn't noticed before. This saved me in the short term, but couldn't it have done that with my previous losing trades when I had that TETSOEU moment. Whatever... I'm not sure I'm so into stops anyway - no matter what my BFF Forex Broker says. Risk:Reward... that, I'm into.

The London Alpha Males are definitely out to lunch or something. We're testing 1.45 again and I'm going to have to watch this level very carefully now. This will hereforth be known as The Level ForexDiva Got Plucked. I'm going to draw a special colour coded line right there on my beloved charts.

I've been examining my trading attitude lately. We can't have it both ways. It's either I give up on the market entirely or I have to learn to live with its quote unquote habits. I can't love it when I'm winning and hate it when I'm losing. And more importantly, I can't go into hibernation mode when I have a bad trade. Whatever happens, if you stop trading, you stop yourself from moving forward. You may think you're preventing the further deterioration of your account, but the longer you wait, the longer you're bait.

Yes, you know it's true, HSFT!