I have had a few days away from trading. The time has been spent with family and just traveling around the country. We are in Wisconsin right now actually and I thought I would check some email and glance at the charts for a little bit. I had a trade on and was taken out on my stop loss. Now that I have time to think I can see that I had the stop loss set a little close. If I had been 7 more pips away then I would not have been taken out and my original trade would have given me about 150-200 pips profit.
I get a lot of these trades so I am not concerned about one that got away. I will however learn from this and not play the market so close. As I review my mental state at the time I made the trade I can see that I needed a break from trading. When I give the market room to breathe I usually come out Ok.
So don’t sweat a loss or two. One large trade will make up for quite a few small losses. If you have traded very long you know by now that you will have losses and that you need to keep that in prospective with your over all trading plan. Take a break once in a while you will be a better trader when you come back.