-60 pips Losing is easy

At my third trade I was aware that it's breaking -25 pips max loss for a day. I gave it space thinking maybe it will work. Result is 30 pips bigger loss. Every time situation like this looks like exception that you should take and bend the rules. I don't even have an opinion about following trades that I took, they are usual emotional reactions trying to do a quick fix. I trade full margin lately so loss of 60 pips it takes at least 80 pips to recover.

Again and again I fail at discipline. Bigger problem then taking losses is I think acting (trading) when I don't have full conviction that I should take a trade. I trade for sake of trading or from idea that if I don't trade I can't make money. So I take marginal trades, don't wait for real setups and market situations that suits me, probably because out of fear of missing out. When things don't work emotions kick in, from there bending rules and finally blow up.

What are situation that I should trade? When I think that price will move in my direction immediately. Fast market, runaway market. Then if it's not going that way but other I take loss pretty much quickly as I should. That's the only kind of market that I believe that I maybe have a chance. Other stuff just don't work for me in long term, I don't work for it. There are no such situations all the time but chances for trading are there. So I trade from day to day this setup or another and slowly get complacent in doing wrong thing for me. So fast markets, quick trades or ironclad discipline. I fail at discipline of taking stops over and over again, so I really don't have conviction that it's solution for me. Maybe it's easier to wait for right market, that's hard but maybe a bit less.

-1 pip Trading out of boredom

Nothing's really going on and I'm bored by watching and then I trade. Not really wise. Glad that in the end I cut my loss from -12 to -1. At my 11:40 trade I practiced discipline by not acting on what my emotions were saying. I had many wishes to close it and I didn't, I just felt and ignored it. Well it was really boring session since I tried that.

+2 pips glad that I'm finishing day on the positive note

Chop in a range. I was trying to pick up direction with not much luck. At the end up side break came more of reaction for a failure to break lower. Again staying too long in a bad trade. I refused two occasions to get out or lighten up. I'm happy that day finished positive after being at -12 pips.

+ 4 pips with too much trading

Little bit too much trading. End of first chart +9 half size pips, end of second -7 half size pips and finally just when I went to write this blog post volatility came and I captured some to end at +8 half size pips.
On those big red trades at second chart I failed to exit loss properly.




Break even day

Interesting day, frustrating also but not that much. I continue with my obsession with letting profits run not because it is good trading but because I want to capture big gain. I had winners all over the place but I didn't take anything home. Good thing is that I didn't lose my nerve by all this near misses. Maybe I over extended with my last trades trying to catch bottom, it could have been costly if price continued lower. Trades were half size.