Damn, damn, damn! I wasn’t happy with this trade and I should have closed it this morning when I could have got out for nothing. I even put in a limit to do just that, and then cancelled it. Now it has moved in the wrong direction and I have lost my nerve. That’s the problem with trades you are unhappy with — you will lose your nerve if they go against you. This morning I thought: Actually, this isn’t as bad a trade as I thought over the weekend. But I still wan’t happy, and that in itself is a reason to close a trade.
Closed out for a loss of about half a risk unit.