Market is always waiting for slip ups like the above, and it serves as a reminder that we trade not to gamble, but to take an objective approach to trading with defined expected outcomes.
Sunday, 11 November 2012
Lack of discipline
Good evening traders and welcome to the new trading week. Wrapping up from last week, I slipped up in trader discipline. Didn't follow the plan and traded on the 4 hour AUD/USD with a poor setup and execution. Result: 34 pip loss.
Market is always waiting for slip ups like the above, and it serves as a reminder that we trade not to gamble, but to take an objective approach to trading with defined expected outcomes.
Market is always waiting for slip ups like the above, and it serves as a reminder that we trade not to gamble, but to take an objective approach to trading with defined expected outcomes.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment