Forex Blog by Lloyd

After a string of losses last month, I only realised that:

• My trading strategy, which I devised back in last August and allowed me to yield a huge amount of pips (1 Aug– 25 Nov), has lost its edge in current market situation.
• Since the market is in a rally mode, you get punished heavily if you back the wrong trending direction.
• There are a lot of false breakouts (traps) due to extreme price volatility and non-justifiable price action.
• Trading based on emotion, aggression and hope will cost you dearly.
• Discipline and cool mind are all you need when you are down and despair.
• A fragile soul (of mine) takes 7-8 weeks to recover from mistakes.

Now, I think I am ready to make a comeback and be better than ever.