In trading there are winning and losing runs - managing your risks and emotions are equally if not more important than the trading itself.
EURCAD has been a great pair for us banking TP3 cleanly on the last 3 trades. We hit 2 losers on this pair this week - and now we are nicely in profit again hitting TP1 with a bullish move.
You can not get emotional when trading - take confidence in your strategy and testing to remove this emotion.
What is the biggest losing run you have experienced in your profitable strategy? Taken some losses on the bounce is all part of it, manage your risk and the next 1:3 or 3% winner could be just around the corner.
Quitters never win and winners never quit.
BUT, acknowledge your emotional state and trade small enough so the money doesnt matter. Focus on your strategy and your plan and the rewards by default will follow.
Thank you
Darren
EURCAD has been a great pair for us banking TP3 cleanly on the last 3 trades. We hit 2 losers on this pair this week - and now we are nicely in profit again hitting TP1 with a bullish move.
You can not get emotional when trading - take confidence in your strategy and testing to remove this emotion.
What is the biggest losing run you have experienced in your profitable strategy? Taken some losses on the bounce is all part of it, manage your risk and the next 1:3 or 3% winner could be just around the corner.
Quitters never win and winners never quit.
BUT, acknowledge your emotional state and trade small enough so the money doesnt matter. Focus on your strategy and your plan and the rewards by default will follow.
Thank you
Darren