Apparently last weeks downer has made an impression on my psyche resulting in me being too risk-averse this week. Below is one of the several examples of such today.
I shorted EURUSD at 1.46065 and purchased it back at 1.46057 giving a mere 1 pip profit. Why? as we can see EUR had a ride with a couple highs testing resistance around 1.4614 so it was simply a relief to close the position at a small profit rather than loss.. but obviously, what I should've done was to stick through it and wait for the drop to 1.4584 which would've given a 22 PIP profit..
Well, we can't win them all...at least the initial expected development was correct, now to work on timing..
You pussy. 😛 Remember, only gamble with what you can afford to lose. And since you can afford to lose it, you can let yourself take bigger risks. Not too big, but bigger.