Monday, September 08, 2008

Trade in GJ & GU (8 September 2008)

Closing postion for 1st trade GJ @ 192.39 -201 pips, lost USD 0.1005 and 2nd trade GU @ 1.7686 -149 pips, lost USD 0.06705.

Reason & explanation of losing for closing trade is:
1. Fluctuation of candle sticks that is big.
2. I didn't read the fundamental analysis for GJ, which indirectly affected GU.
3. Didn't set S/L for both trades.
4. End of day should close all trades if the trade is not stable. or the fluctuation is too big.
5. Focus on one pairs.
6. Don't stare at the platform for too long.

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