Today, week open in the right direction, but by 4pm it seems like they all turning, signs of weakness all round so i decided to get out of the market and wait for further confirmation. Adding ammo into the bank... Still working on how to add more position earlier on the move. As GBPNZD made it over 500 pips but i only manage to get 1 position on which is not great.
This morning there was a lesson to be learnt, Last night i saw that i had 6 new open positions within the day, which all start very well making pips for me. I was on about $230 floating balance, however something inside me said that's alot of risk on the table and to reduce the risk before i go to bed. Of course forgotten to check the trades before i went to bed and left the risk overnight. What happen was a massive reversal and not only the 6 trades went from positive to negative, i got entered 3 more from pending order and got stopped out. I now have lost $60 in closed captial and $130 in paper profit with 4 very close to being stopped out. For the next time i must remember to lighten my load before sleeping. $160 - $180 is a very large