Below you see another example of why it's important to paper trade. I messed up SL and TP on the EURUSD. One pip is .0001, so instead of an SL of 11 pips, I placed it at 2. There is slippage in prices that you have to be aware of when placing these orders. I generally check the location, do the math, and place the order within a minute or so. If you take too long to execute, volatility can work against you, especially if you get your pips wrong like I did.
So I said hey, let me get back in there. Ha, I placed the ordered right, and ended up wrong twice; and the EURO just kept dropping. The next day, I decided to jump back in because I was confident I wouldn't make the same mistake again. No big news fundamentally btw, on MT5 anyway. We're still in the mist of madness with COVID-19. Anyway, JPY (.01 per pip!) went well, and again, not wanting to settle for a negative week just yet, I jumped in yet AGAIN the next day. That was way too much risk, and I felt it. The risk was present because I became emotionally involved, which is the wrong way to play. Overall, good week though.
I started my last book First Course in Corporate Finance, and it's deep. Present Value starts it off and it exhausts that subject. There are a lot of formulas initially, but going slowly through the table of contents, there are some interesting subjects coming up that I have actually not read much about so far. Nothing else to report. Deep breaths. Stay aware.
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