Tu., Feb. 4 end of day results: +121 pips

EURJPY:  P1 reached: +20 pips, the remaining 2 orders closed at break even USDCAD: P1 reached: +19 pips, the remaining 2 orders closed at break even NZDUSD: P1 reached: +20 pips, the remaining 2 orders closed at 137.44 adding +62 pips to the total Total today: +121 pips

Tu., Feb. 4

EURJPY Buy 137.11 SL 136.65 P1= 137.31 P2= 137.58 EURUSD Buy 1.3536 SL 1.3486 P1= 1.3554 P2= 1.3569 GBPUSD Buy 1.6345 SL 1.6295 P1= 1.6362 P2= 1.6372 USDCAD Sell 1.1065 SL 1.1125 P1= 1.1046 P2= 1.1036

Let’s talk about losses.

In trading, losses are the inevitable part of the game. Every business has its expenses. In trading, losses are the major part of your business expenses and they must be treated that way. First reactions of inexperienced traders to losses are anger, frustration, revenge, and such. Beware of trying to get even with the market. … [Read more…]