Tuesday, April 28, 2009

Mismanaged Last Trade

I broke a cardinal rule of trading and let a potential +50 pips winner turn into a -23 pip loser. I overslept and didn’t set and alerts in MT4 to wake me in case price reached certain levels. I hate when this happens. This is a mistake that I made a lot more when I was new to trading. I will come up with an action plan that will ensure this happens less often in the future and will post it later. I am at work now. It looks like price is meeting resistance at that 1.3088 level which is where price broke out yesterday.

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