Emotion play a huge part in trading
Today I took 3 trades. 1 losing trade and 2 breakeven trades.
The losing trade, I took with a bit of FOMO, because I saw price moving towards my expected direction and I took the trade even if it did not fit my trading plan.
For the 2 breakeven trades, I moved the SL to BE a bit early because of fear of losing, maybe because of the first losing trade. If I did not move the SL early, 1 trade could have reached TP and the other one will still be in running profit.
According to my trading plan, SL of the 2nd trade will be moved to BE one the TP (1:2RR) is reached. But I moved it early because the price pointed by the arrow triggered my emotions
The losing trade, I took with a bit of FOMO, because I saw price moving towards my expected direction and I took the trade even if it did not fit my trading plan.
For the 2 breakeven trades, I moved the SL to BE a bit early because of fear of losing, maybe because of the first losing trade. If I did not move the SL early, 1 trade could have reached TP and the other one will still be in running profit.
According to my trading plan, SL of the 2nd trade will be moved to BE one the TP (1:2RR) is reached. But I moved it early because the price pointed by the arrow triggered my emotions
