Wednesday, February 17, 2016

MESA TRADING METHOD BLOG 2-17-2016

Hump Day!

Trading Goal For the Day:$8.00
Trading Pair: GBPUSD

Today I am trading the GBPUSD. Why? It was the top pair to trade based on the ADR.
 The GPBUSD has been known to trend for two days in a row, several times during a trading month.

I took 8 trades today. The GBPUSD ranged for the better part of the day, then finally ran! I was able to end the day with positive pips but still in a small drawdown. I really do NOT like trading the GBPUSD.

Traders Note: 8 trades in 8 hours is too many trades. I was whipped back and forth like I was a lasso!

I am proud of myself that I hung in there and reduced my loss. Did I make my goal? Nope. Did I get emotional? Nope. It's a job. There will be good days and bad days. This was a bad day.

As a dear friend told me, suck it up and drive on. Wise words indeed.

Ending Balance: $959.22. New Million Goal Date: 11-18-2016
 

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