Align yout vision to the market; don't force this into your pov
Wrecking in financial markets is very easy.
Based on the idea that there is a relativity for everything according to the observation point, I assert that a movement of a financial instrument can be interpreted in various ways; sometimes you guess the right direction of a movement, sometimes you are wrong.
Wanting to steal a quote from Zygmunt Bauman, we could say that "uncertainty is the only certainty there is" in financial markets.
That's why is very important, before entering any financial market, to measure your strength and correctly calculate your risks.
Doing it this way it's possible to allocate and manage resources based on events evolving... even when your point of view is not in line with market moves. As you can see from the chart, my short entry was made at the worst possible time, of course this was not so evident at the moment when I shorted usdjpy.
With the passing of days, the movement of the cross appeared more clearly defined to me.
Since I came into the market with the right proportion of economic resources, I got to stay in the game minimizing damage.
Essentially the real problem arises when you try to adapt the market to your vision of it instead of adapting your positions and views on the basis of the market's evolutions. My hope is that now my point of view is more aligned with the market movements.
Currently my position is still alive.
If the energies of the buyers began to yield and sellers take over, I will increase my positions as the market advances in the direction I expect. If the market will keep going up moving above the limits I traced, reaching 115.000, I will close my position accepting the loss (which is however contained in the risk initially calculated)
Based on the idea that there is a relativity for everything according to the observation point, I assert that a movement of a financial instrument can be interpreted in various ways; sometimes you guess the right direction of a movement, sometimes you are wrong.
Wanting to steal a quote from Zygmunt Bauman, we could say that "uncertainty is the only certainty there is" in financial markets.
That's why is very important, before entering any financial market, to measure your strength and correctly calculate your risks.
Doing it this way it's possible to allocate and manage resources based on events evolving... even when your point of view is not in line with market moves. As you can see from the chart, my short entry was made at the worst possible time, of course this was not so evident at the moment when I shorted usdjpy.
With the passing of days, the movement of the cross appeared more clearly defined to me.
Since I came into the market with the right proportion of economic resources, I got to stay in the game minimizing damage.
Essentially the real problem arises when you try to adapt the market to your vision of it instead of adapting your positions and views on the basis of the market's evolutions. My hope is that now my point of view is more aligned with the market movements.
Currently my position is still alive.
If the energies of the buyers began to yield and sellers take over, I will increase my positions as the market advances in the direction I expect. If the market will keep going up moving above the limits I traced, reaching 115.000, I will close my position accepting the loss (which is however contained in the risk initially calculated)
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