Trading BNF to be independent

[rh6996]

While i was answering a PM, my SL got hit... a loosing trade!! :-(

 

[sumosanammain]

While i was answering a PM, my SL got hit... a loosing trade!! :-(

Why the sad face. You still have to work on accepting losses. Suggest you read Trading in the Zone by Mark Douglas.

 

[rh6996]

Why the sad face. You still have to work on accepting losses. Suggest you read Trading in the Zone by Mark Douglas.

Well, its more of a disappointment with the "self"!!!

 

[rh6996]

Did not trade for a few days. Traded today : Went short below : 10659, SL 10700+, BNF went down till 10650 and went up to hit the SAR at 10701 (A loss of 42 points) Now long at 10701!!! SL below 10634.

 

[rh6996]

Exited long at 10743, to cover loss in the Short trade!!!

 

[rkkarnani]

Paper trade for a few days!! Made excellent "money"!!! Trying to replicate the same in actual trading from today!!

First trade was short at 10604, took the trade and exited at 10571 as chart gave a risky buy signal. If this does not convert to Buy, I will short again at a higher than my exit level as the SL has now come down to 10596.

Thanks rh6996 for giving hints about your strategy!!!

 

[rkkarnani]

Dont know how you did it rh6996, but I find it difficult to trade as well as post here!!