Friday 9/3/09 (3.40)

3 trades - 1 loser - 2 winners for minus $3.40

After today I'm dropping my trade size down again to $2500 or 25 cents per pip. I'm doing this for two reasons. The first reason is I'm still hesitating w/ putting on trades. The second reason is I'm still not CONSISTENTLY performing at a high level. Once I gain a measure of reliability and trust in my trading I'll begin to ramp up the size.

In the chart below you can see where my hesitation cost me what would have been a solid 20+ pip winner. I entered a limit order short some minutes after the NFP report was released. I was busy triple checking the validity of the trade before placing the order and it cost me too much time. Price didn't wait around for me! (lol)



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