Pathetic or Profitable

It is often difficult to recover from frustration of bad trading. When you make the mistakes you know you shouldn’t have made. When your read of the Market had been particularly poor and you are feeling absolutely disgusted with yourself about it.

Notice your thinking, notice your feeling, hear your self-talk. Instead of learning something from your mistakes and using frustration as merely a catalyst to do something about it, you are succumbing to your frustration, carefully nurturing it together with your ego. You do not want frustration to end, because then it will be time to take action, fixing the issues you have in your trading. You’d much rather play the victim of big bad Market, who is out there to get you.

You can be pathetic or profitable – never both.

EURAUD update

Trading is much easier in hindsight! I completely misinterpreted the strong bearish support in EA in my last analysis. Let’s take a fresh look:

19 - EA W

My contrarian tendencies can be a real burden sometimes, as I fail to see potential breakouts 9 times out of 10. Definitely something to work on.