Last week has been good. Trading forex gave me a positive +10% gain because of the EUR crisis. This week I’m seeing the EUR and other affected currency to be consolidating before really going into the trend. My opinion on the matter is that, EUR and its affected currency will most likely start a bearish trend for the long term. Keeping eye on the news will most likely keep us informed should the trend start. But of course, technical is very important.
Last week I learned to control risk. Though some trades did manage to become a lost, it doesn’t affect me that much now even if its a profit or a loss. I think the fact that thinking of each trade as a probability detach myself from being self denial of the reality that my trade may go against me. It helps to keep an open mind rather than wishing that your trade must go into your direction. Bottom line is, I made profit, 10% return for just risking 1% risk each trade. I can’t be any happier.
Also looking to get into stocks, its never bad to be diversified. Once I get the setup running and my plan tested that is.