The trading mistake that made me money

First real day back in the markets and obviously keen to get back in..  I went long GBPJPY but suffered from fat fingers and made the mistake of going in a 20x my usual size!! Yes, unbelievable but true and for a while I sat there in misbelief about how stupid I was. Then the price action started to move upwards and I was quickly sitting on profit.. despite the market moving just 10 points before I closed out (due to fear!), I made the equivalent of 200 points in this short space of time! However, the market powered ahead without me for almost another 70 points! Wow, that would have been some serious profit on my account but to be honest, I am not ready to trade at those sizes and I could have easily lost at 20x my stake!

I am happy with what I banked and it was a good start to my trading of 2009!


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Category: Forex trading, Trading