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Opportunity is wasted if you don't know what to do with it once it is in your hands. And makes you feel very stupid to be looking at the damn thing in your hands that you KNEW you wanted, and now you realize you have NO IDEA what you're supposed to do next.[/highlight][/font]
First I kind of had conflicting goals for the week. I didn't really feel like trading, but since EJ is at yearly low,
I thought the best thing for me to do is to see if I could catch a long position at the bottom, and then I could just do nothing and take a break till next week or something, confident that I had a position that wouldn't be touched. That was the first goal.
So Sunday night, I went for a Hail Mary trade, and woke up to this:
{first trade on left placed 12:05AM EST (sun night, monday morning)}
I woke up and realized,
"This might be a good time to study and experience adding to positions," This became the other goal. [
Note: that is why in picture above, the two entries in the upper right, I was only supposed to use one of the orders, but I wasn't paying attention and both of them triggered.]
That is when I realized, I REALLY HAD NO IDEA WHAT I WAS SUPPOSED TO DO.
So my 3 unit average is marked in the pic. I had to go to work, (and again, mentally, I wasn't in it) I figured "the price is 114.50...there is NO WAY THAT it will drop 150 points before I get home from work in the evening so I can better analyze what I'm supposed to be looking for next," so I put my SL at
113.00. Then I checked kreslik.com at work and
Bredin gave me the news. (I actually laugh as I remember how it happened, how my heart sank, lol.)
So, no, bredin, I banked NO PROFIT off of that one. Weird as it sounds, I wasn't looking for profit, I was more looking for a live account example to practice averaging and adding to positions (how the account fluctuates, how my emotions fluctuate as I see money that I gained at 1x disappear
twice as fast at the speed of 2x or 3x because of attempts to add positions.)
What makes it sicker is the fact that I have NEVER had a 175pip gain, let alone a combined 75pip and additional 40pip gain tacked on.
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BUT I BELIEVE IN MYSELF AS BECOMING A LONG-TERM, CAREER TRADER. PERIOD.[/highlight][/marq]
so f-# it.
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I will be around to catch more gains like this, this is only one run of many I will experience in my career.[/highlight]
P.S. But in real life, I am still a broke-a$$ guy wit a J.O.B. (Just Over Broke) so I don't know how many 100+ pip runs I will bravely let go by me as I 'learn'.