Monday Augut 10: Trading Gold XAU
There are 3 lessons in today trading 1) The yellow area that I made a BUY was rushing into trade (after I made 500$ profit). The action was downward. Wrong idea to get into a buy (SHOULD HAVE WAITED) 2) After I entered wrongly in (1). it went against me. I should have triggered GET_OUT_OPERATION. If you are in wrong direction then get out on retrace, even if it is going in your favor 1) I made $500 in the morning. It vanished then I made profitable trade and made it back. Lesson is to not sweat small loses. Remember: Be impatient with wrong direction entry, and be patient with right direction trade.