Today i trade with cautious, able to make profit of USD10 with USD100 deposit. But eventually i have to facing the nightmare of every trader. It was margin call. My acc was closed automaticly. I do understand why it was happen. I didn't follow my plan. Originally i plan to stop trading when i get profit of USD5, and continue tommorrow. But i trade again , and made another USD5. With increment of 10% equity i should stop, and try to get opportunity to trade again next day.
Unfortunately the greedy win again!. I enter market again but this time excidently choose the wrong pair. suppose i sell pairs DBP/USD but i sell GBP/JPY.... The right action was to close immedeatly, but i was waiting, and keep hoping the price will be goes to my favour. Eventually.. i have to facing the reallities... MARGIN CALL.
The conclusion..i lose USD300 within 24hrs.
Anyhow, there is not end of the worl. I will try again with diffrent strategies..
Definetly with ironhard decipline..!!!
Monday, May 19, 2008
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment