On the bad news front: positions were closed at a loss (-1%). I closed the first trade with a small gain just to cover the swap, then opened a new one at 0.5%. On the bright side: we’ve finally broken out of this consolidation.
I’m not a fan of how the Dollar is climbing. Maybe it’s tied to the escalating tensions between the U.S. and Iran; who knows. We’re waiting for new variables to work with.
Keep this in mind!
Trading profits are never distributed evenly. Your equity curve will never be a straight line pointing up. Get ready for reality: one month you’re up +10%, the next +3%, then 0%, and the fourth month you're in the red, and so on. This is a field of uncertain outcomes. There are no guarantees here, so don't harbor any illusions. The result of a single trade or a single month means absolutely nothing. You should only evaluate performance over a quarter, six months, or a year.
Just stick to these 3 rules to stay in the green:
Risk Management - so that one mistake doesn't cost you your entire account.
Stick to the Trading Plan - to keep emotions out of the process.
Patience - to let the mathematical edge work in your favor.
Profit will inevitably come if you stop chasing fast money and start treating trading as a marathon, not a sprint.
Just One Good Trade
