Trading update for today

Right now, I’m sitting with quite a large loss to my name on EUR/USD which I have traded on. Why, oh why, did I have to short it. 😦 The most important thing that I learned today was that losses are relative. I found myself feeling happy that my position was in quite a big loss, only because it was higher previously and I was very lucky not to stay with it.

My biggest mistake today, was by far not putting a stop loss. My first ever post was about the importance of emotion in trading, and, at least today, I haven’t heeded my own advice.

I hope it gets better tomorrow.

By Shrey Srivastava

A finance and economics enthusiast, and someone who wants to share his views with the world.

Leave a comment

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: