CADJPY long trade on 4/2/25
Pre-Analysis:
- Trade based on scalping system.
- CAD show strength while JPY group was the weakest currency.
- Risk $10, exit at 1R profit.
Entry:
- Entry time 6:58pm
- Immediate strength meter
Post Analysis:
- Have to scratch this trade.
- Make a big mistake as I entered a wrong trade size. This should be 0.04 size as I wrongly enter 0.4 lot size.
- I realized this when my position shown loss of around $10 while still far from my stop level.
- Immediately after I realized my mistake, I close this trade as this might make my loss bigger than my intended risk.
- I'm too rush in taking this trade and made a mistake on enter my position size.
- This trade was very close to my target price. It will depend on how I managed this position to close for a profit or break even.
- Shouldn't made this position size mistake.
