Went in Long on Gold XAU/USD two days back at 1.638.xx, hold overnight till 1.654.xx for about 100usd profit. But profits are short-lived, when I entered a 1.08 buy-limit into Aud/Usd. Adding on to losers and losers, now I'm holding out to about -200 pips loss. I had the chance to break-even all my Aussie trades this morning before going to work, but greed had me and I leave it there. It went 100 pips down before lunch. Another 100 pips down this evening. Well, cutting that gold trade at 1.654 and letting this aussie trade run, is a very good example of a cutting profit, and letting losses run - a truly opposite way of a profitable trader.
Sigh, things couldn't be worst. Shares dropped due to the train crashes in China, because I bought a manufacturer companies share that supply them the materials. It was a whopping drop. I had profits in the first two weeks until this accident happens. There is no what-if in such a unpredictable occurrence.
Poker was another red. I go multi-tabling again and account was near to busting. I think I am still not up to the standard of multi-tabling. I should focus on one first and start from basics. Learn the opponents and be patient for good cards. The problem is I hear about so much pro-grinder 20-tabling etc. and they play only premium cards. I thought that was that. But there are more in poker than merely holding and playing the premium cards. My cash-games profitable days were like one or two out of ten days. It sucks and demoralizing. It pushes me to the limit of giving up. But no, I guess there are much to learn, just like trading.
I don't know why I am not cutting out my aussie trade and subconsciously hoping for a miracle. Tomorrow is non-farm payroll. I have no plans but to get a drink.
Don't try these at home..