What a day. This was a roller coaster. How did it unfold? It’s a long story. Bear with me …
Point (A) on the graph. I missed the entry here – I was asleep. I awoke at 6am and was a bit hacked off. No matter because at point (B) I got the signal for a half position entry, and went £10 short at 1.7392. Only one traffic light limited me, but then barely 30 minutes later I could add the other half and 1.7390. That’s pretty unusual but what happened next is even more so.
I spoke to another trade (one of the Enigmasignal team). And that led to me breaking my own rules and missing out on 75 points of profit at £20 a point. A full £1500. I mean, I made a nice £1340 anyway so not a disaster but £1840 would have been better. The full transcript from Whatsapp is below the chart. Read it and weep. I have.
Lesson: follow the rules, trust the numbers.
So how did this play out? Here are a few snippets of our morning WhatsApp ….
No major problems there, but then the trade was running and I was eating my breakfast and trading at the same time. Well, I say trading, I was watching a trade.
No matter what happened though I had already taken my profit a few minutes earlier. As I say, a lovely result really (£1340 in 2 hours whilst watching Netflix ….). But I should have trusted the Enigma Smart Stop ™ and let it run for the extra money. I don’t know why I didn’t. But it always happens to me when I chat with other traders when in a trade. I can do it in a trading room, no problems. But when I know the other person and I discuss the markets with them I seem to forget my rules and trade from what I think and not from the numbers. It won’t happen again. Tomorrow? Thats another day.