Tuesday, July 10, 2007

First trade this week...win again :)

This week started off with a Strategy 1 trade, which closes nicely without having to rollover.

Open Date: 07/09/2007 04:24:40
Instrument: USDJPY
B/S: Sell
Open Rate: 123.37
Lot: 0.5
Close Date: 07/09/2007 10:43:42
Close Rate: 123.25
Gross PL: $48.68

Beginning Balance: $1,000.00
Ending Balance: $1,451.48
Profit: 45.148%


I've got another trade engaged, based on Strategy 2. The currency pair seems to be moving sideways, not too sure whether it'll go up or down. So how this trade closes is still a mystery...lol...

I've learnt an important lesson while trading yesterday. We must really practise detaching ourselves from emotions during trading. Not only applies to stop loss, but also profit taking. Do not be greedy and try to out beat the market, coz you may end up losing a trade which was originally winning and supposingly closing much earlier.

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