Trader’s thoughts … I need a miracle!

Loss after loss, my trading account is fading away. Just two weeks ago I had endured a heavy loss with a losing trade in the EUR/CAD. The latest in a long line. A that time I had wiped out half of my trading account. Suicidal thoughts. Yesterday I endured another heavy loss in the EUR/AUD. Suicidal trading. I’m very close to completely wipe out my trading account for the umpteenth time. I really need a miracle … suicidal thoughts …

But (this time) I’m trading with a demo account: I’m an happy trader, it doesn’t make any sense to commit suicide …

19 September 2014 – EUR/AUD – I’ve doubled my short position …

Last 16 September the EUR/AUD tested the down trend line. I thought the price movement was a false penetration.

Today the currency pair has closed above the down trend line with a long-legged doji (which is a outside bar too). A sign of  indecision. Technically the trend line is now pierced, but the price movement hasn’t still violated the static resistance. Coherently with my trading idea (that I quote:”I sell at resistance and buy at support”), today I’ve doubled my short position in the EUR/AUD currency pair. In other words, on 16 September I sold the dynamic resistance (the down trend channel), today I’ve sold the static resistance. Suicidal trading …

Trader’s thoughts … suicidal thoughts …

With my last losing trade (on 12 September in the EUR/CAD) I’ve just wiped out half of my trading account. The market always went against my positions. Suicidal trading. A completely failure. The latest in a long series of trading failures. Yesterday I was upset. I dealt with suicidal thoughts. I was walking on a bridge. The river was flowing under the bridge. A lot of water. Deep water … a suicidal thought … a jump in the cold deep water … committing suicide … committing suicide by drowning … a relief …

Suddenly, a ray of light in my mind. I remembered I manage a demo account. I haven’t lost any real buck. I’m still a happy trader …

12 September 2014 – EUR/CAD – I’ve just closed my short position: a new loss …

Today I’ve close the short position I opened in the EUR/CAD on 4 September, enduring a huge loss. The daily close has been over the most recent relative high, which was made on 3 September (daily high=1,4361). I had no choice, although the currency pair is still in a well shaped down trend. Suicidal trading …

27 August 2014 – EUR/CAD – Stop and reverse … another trade in loss

The more I trade, the more I lose. As I stated on 25 August, today I’ve stopped my long position in the EUR/CAD. The price movement has pierced the (supposed) triple bottom (now static resistance) with a nice long candle. Now there is a new good shaped down trend line. So I’ve reversed my position, by opening a short position in this currency pair. Suicidal trading …

25 August 2014 – EUR/CAD – I’ve just opened a new long position …

In line with what I stated two hours ago, I’ve just opened a new long position in the EUR/CAD (I’ve bought the currency pair at 1,4494). Supposing we are dealing with a triple bottom, there is a nice risk/reward ratio (stop loss: a daily close under the triple bottom). I’m wondering if I’m developing a suicidal trading style…