I found myself in trades where I had entered too soon. All 3 hit my SL, and I was down by 152 Pips. Worse yet; my strategy was not seeming to apply (Gasolina). Eventually, everything played out exactly like it was supposed to. But my little account had already backtracked.
I was already working with TP4/TP4+ so I decided to ignore the impulses. For some reason, I was just out of sync, and they were distracting me.
We are short on the goals for the week-- but stick around! It has a-way of balancing out.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money you can not afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.