This week was downright challenging.
Particularly because the EUR/USD pair took quite an unpredictable direction. This caused a significant drawdown, as usually after a rise or fall, there’s a movement in the price that allows you to close a position positively. Unfortunately, this past week was one of those times where I had to hedge a bad trade to bring my account back into a safe range — but unfortunately, that only partially succeeded. In a very short time, the Euro rose above 1.14, while at the beginning of the week we were still trading between 1.07 and 1.09.
That’s why I’ll be trading ETH and/or BTC this weekend to try to increase the balance in my account a bit, so I can start Monday with peace of mind and have more room to close the losing trades. I’m going to try using very small trades just to boost the balance — even if it’s just by a few euros — to improve my starting point.
Recovering from such a loss-making position will likely continue to play a role next week.
So next week might be a week with more disappointing results, because it’s important to first return to the safe side in my main account before resuming active trading.
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