Uncle's Trading Journal

Done for the night - rather uneventful session for the last 2 hours with EUR in tight range 1.4470-1.4475

Account Value 18,895
 
Quote from Uncle:

I did something similar last week -- where I stopped myself out only to reenter the same position a few minutes later..

after reviewing, I think it is ok because honoring the stop and then re-evaluating allows me to avoid really fast spikes that gett me locked into a bad price and cloud my judgment..
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I agree with this statement. I initially had a really tough time doing this, after all, you read over and over again don't revenge trade, etc. etc...marking the difference between "revenge trading" and entering a similar/same position that you were respectively stopped out in can be tough but such is the life of a discretionary trader.

Nice journal. Sorry if I missed it somewhere but what time zone are you trading from?

Cheers :)
 
Quote from sam0182:


Nice journal. Sorry if I missed it somewhere but what time zone are you trading from?

Cheers :) [/B]
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I'm in NY - so all times are ET..
 
Quote from Uncle:

long 600k again at 1.4488 -- stop below 1.4480 - target 1.45.. running at 88% margin
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added 50k at 1.4485 to get to 95% margin. price dropped below 1.4480 for a brief sec but bounced up before I could stop myself out.
 
Quote from Uncle:

added 50k at 1.4485 to get to 95% margin. price dropped below 1.4480 for a brief sec but bounced up before I could stop myself out.
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Out 1.4475 -- CitiFXPro was slow to react to my clicks to get out at 1.4480 -- and price gapped down so out 5 pips worse than what I intended.. a little flustered so will take a break --

account value is now 19,054
 
Short 650k at 1.44725 -- stop above 1.4480 -- target 1.4460 - running at 99% margin -- will look to reduce size slightly on next trade to get to 95%.
 
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