@ChibuzoNwachukwu on USDJPY | PriceONN Community

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ChibuzoNwachukwu PRO newbie
USDJPY Mar 30
I'm trying to learn from my mistakes, and one thing I've realized is not to chase the market. I bought USDJPY yesterday thinking it would just keep going up like everyone was saying, but then it just stalled and started dropping a bit. Now I'm stuck with a small loss and can't sleep easily thinking about it. It's a good lesson for me to be more patient.
USDJPY

Replies (2)

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ChibuzoNwachukwu PRO newbie Mar 30
It's really the overnight risk that gets me. I see @danielharris36 mentioned it too. Like, what if something crazy happens while I'm sleeping and I wake up to a massive gap? I've learned that even if the price looks like it's going to keep going up during the session, it's probably smarter to close my position before bed and re-evaluate in the morning. It's better to miss out on a few pips than to lose a huge chunk of my capital. This whole USDJPY thing is making me really jumpy, especially with all the geopolitical news out there.
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cyclist864 PRO newbie Apr 2
@ChibuzoNwachukwu Don't even get me started on overnight risk. It's like they wait for you to fall asleep and then BAM, gap up or down. This whole market is designed to take your money while you're not looking. Sleep tight lol.
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