My first trade experience
My experience during London Session teaches me an invaluable lesson today; not to be greedy as a Scalper who loves to trade tiny price movements .
Imagine me taking four shorts on 0.01 lot size with an equity of 3K during London Session, setting my stop losses at a total amount of N2k and watched the steady Resistance move downwards to about N1.5k profit for each short without taking any profit but rather set take profit at the price of 1.16010 next to 1.16000 the biggest bargain of EUR2.4 b is fixed and where i hoped to get up to N4.8k for each short ! Then suddenly , a reversal came , hitting all of my four shorts out !
My experience during London Session teaches me an invaluable lesson today; not to be greedy as a Scalper who loves to trade tiny price movements .
Imagine me taking four shorts on 0.01 lot size with an equity of 3K during London Session, setting my stop losses at a total amount of N2k and watched the steady Resistance move downwards to about N1.5k profit for each short without taking any profit but rather set take profit at the price of 1.16010 next to 1.16000 the biggest bargain of EUR2.4 b is fixed and where i hoped to get up to N4.8k for each short ! Then suddenly , a reversal came , hitting all of my four shorts out !
Today was not a normal day, they were options at 1.1625 and 1.1640 which affected price trajectory. I was long initially because I didnt want to short the strong Frankfurt open, but I got stopped out. I then switched bias to sell and closed at BE. You did well, it was just a bad day in the office.
My today's trading experience was characterised by steady network issues, causing me to risk almost N 2 k ! Initially I thought it was from the trading App, (C Trader) and asked Yoks if he had similar experience but he said it was Airtel network issue.
If not for financial challenges, it would have been very necessary to have more than one type of network source for effective and efficient trading sessions to avoid risking one's opened positions especially if you didn't have time or remember to set Take Profits before the network reversal.
Today another EIA natural gas report will be released in the afternoon 3:30 pm.