Trading Forex While Asleep…

Trading Forex While Asleep…

 

Just a bad thing to do. Last night I was trading the Yen in the Asian overnight. We had a rounded top formation so I went short into the US afternoon, Japanese early morning once we had broken the 118 level in the Yen.

The trade went well, and after an hour , I was in profit. Volume was falling and the market was getting quiet as it usually does this time of day, and I was waiting to take my profit.

I literally just fell asleep watching the screen. I had my original stop which as back up at the 118.20 level. I woke up and immediately closed the trade. I was now well off my trading plan, and when you are off your plan, the best plan is to get flat and regroup.

The reason I wrote this post is the moral of the story.

When you are off your trading plan for any reason, close out your trade and get back to disciplined trading.

Disciplined trading is really the only way.

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