I had a marvelous morning Wednesday morning trading the New York open. Traded both the EUR and EURJPY and profited 200 pips, which took my account up to $7,000 profit since Monday night. Then, I let my emotions get to me, and the nerves set in. I went short of GBP (don't ask me why) at 1.4500. Seeing EURJPY and EUR had each fallen 100 pips, I looked at GBP and figured it would fall at least 50. Things looked good. So, I entered. It went against me 50 pips. No big deal. Closed the trade for a small loss. Then, it happened again. I saw an opening, thought it was headed back down to 1.4500, so I entered at 1.4569. LOL!!! It then climbed to 1.4630. I ended up closing out the position for another 50 pip loss. So, I ended the morning with a mere 100 pip gain. Thought I'd share the experience. I saw CAD at 1.2225, but did not enter. I checked it again at 1.2250, but did not enter. I checked it a third time at 1.2300, but did not enter. Now ... four hours later, it has climbed 250 pips. LOL! The comical things we do as humans. "Just pull the darn trigger!!!," one would say. Yes, I agree. -Pupil At least you are still up. That to me is a good day of trading. I agree we tend to get in the way of ourselves and action. Whether it was the fear of making another mistake for the day, or frustration for having had to hits after a good run? Only you know that answer But in all you did see the potential in the CAD. Exercise: So ask yourself these two questions: -What part of you got in the way of taking the CAD? -And MORE importantly what part of you took the trades that netted two 50 pip losses? -Mentor