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After 4 days of subpar results, I’m calling it a week. It’s hard to give a single reason for my poor performance this week since each trade had its own flops. 

My AUDJPY trade failed after the AUD fell in response to that bit of EU news on stress tests. Not much I could’ve done about this loss since there was no way to anticipate that news release.

Next up, my EURUSD trade. Even though I misread fundamentals, this one could’ve ended in my favor if I weren’t so afraid of losing. I had a lot riding on this trade-- a position about 2-3 times bigger than usual. So once I was in the positive, I moved my stop to break-even. Unfortunately, I played it way too tight and choked off the trade. I could’ve walked away with something in my pockets, but instead I got nothing.

This, I believe, was a simple case of letting a winner slip through my fingers. It’s funny how missing out on a winner feels just as bad—maybe even worse—than losing! Gotta learn to risk it to get the biscuit. Can’t say that enough.

My AUDUSD didn’t end well either. The technical setup looked sound, but I didn’t get the movement I wanted. Aside from that, I completely overlooked the Australian data which caused the pair to create new highs and trigger my stop. A noob mistake, I know. I didn’t look that far into the future because I was expecting to see a quick drop from the pair. After all, I intended this trade to be a day trade, but the pair ranged much longer than I anticipated.

My USDCHF trade would’ve been a break-even trade for me, if only I was able to monitor it. The pair reached the point that would cue me to move my stop to BE, but since I was nowhere near a computer at the time, I had no way of doing so. I paid the price of not watching my trade as I was stopped out.

All in all, trading this week was awful and could have been a lot better. Obviously.

On another note, is there a way to automatically modify a stop loss (say, move it to break-even) when price reaches a certain predetermined point? That would definitely go a long way in helping my manage my trades in times when I’m away (or asleep). Or maybe I should just find a way to trade on the go. Get a new phone perhaps?