Last weeks AUD rate rise

From last week. An expected rate rise in the market, I was set up for a sell if they raised rates 25 and buy if raised by 50.

Came out at 25 and went short 400k I was 10 pips in profit but I failed to close (moved real quick) and the market turned back in one tick and I was -1 for a few seconds and then just started rising up at -10 I thought ah leave it now. Several hours later I was hitting -40. But I was sure of a selfoff due to people taking profits. Got the sell off I wanted and I was -1 again but didn't close, ended -10 (fell 50 pips after that!)

Lesson: When you make a mistake trade, get out asap @ BE or wherever u can, dont try and make pips from a trade u should not have been in) if you want to keep the trade (re-evaluate it from an outside point of view)

... having said that I did re-evaluate and saw it should come down (and it did 50 pips) so 2nd mistake was I got scared/annoyed and closed a potential winning trade to soon.