First trade of the y...from Just One Good Trade

First trade of the year. I held the position for 10 days, but the first pancake is a flop. Still, I'm looking for longs on EUR, so I entered at the next level: 1.16151. If the level holds, I’ll add a second position with the trend and move the first one to break-even.

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Mark Douglas is one of the key figures in trading psychology and the author of cult-classic books. He was the first to clearly articulate that market success depends less on strategy and more on the trader's mindset. His main thesis is simple yet radical: the market is neutral, it owes you nothing. Fear, greed, hope, and the desire to be "right" are what truly stand in the way of consistent profits. He taught how to embrace uncertainty, think in terms of probabilities, and strictly follow a plan. According to Douglas, a trader doesn't guess the market they systematically execute rules and manage risk while maintaining emotional equilibrium. Mark Douglas's legacy remains relevant today: until a trader gets their head right, no strategy will yield consistent results.

Just One Good Trade

www.followme.com/s/23852028?vcode=1028282 The idea worked. We’re counting the money before the New Year and waiting for new variables🙂 #EUR/USD#

Just One Good Trade

Back to the working rhythm. I have two scenarios for EUR: the first is from the weekly inefficiency (the trade is already open); the second is from the daily fractal in discount. The targets are the daily fractal highs. If price reacts to the upside from the weekly inefficiency, I will add to the position (open an additional trade) and move the first one to breakeven (BE) to reduce risk. If the stop is hit, I will reassess the narrative and wait for new variables. #euro# #analysis#

Just One Good Trade