REVENGE TRADE?
Updated
I bet you liked the catchy title!
Ok, so last week I lost a trade and immediately entered the most emotional trade so far in my forward testing. I went from losing almost 200 pips to winning 45 (going 2 pips from my target), and to finally getting stopped out for break even before rallying. It was emotional because I was exposed to my maximum risk, and losing would have erased the profits from the last three weeks.
HOWEVER, we now have a new opportunity; we may see a Cypher completion around 135.46 and I MUST take it.
I will leave the link of the trade I am referring to.
Ok, so last week I lost a trade and immediately entered the most emotional trade so far in my forward testing. I went from losing almost 200 pips to winning 45 (going 2 pips from my target), and to finally getting stopped out for break even before rallying. It was emotional because I was exposed to my maximum risk, and losing would have erased the profits from the last three weeks.
HOWEVER, we now have a new opportunity; we may see a Cypher completion around 135.46 and I MUST take it.
I will leave the link of the trade I am referring to.
Trade active
Currently testing the X leg. Targets adjustedTrade closed: target reached
1st target hit, stops rolled to break evenTrade closed: stop reached
Stopped out for break even on my second position
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