What a quick way to lose money!

With my success the other day in using the RSI and CCI to correctly pick a good time to open a position I managed to get my unrealised profits up to $5000 (that's with 20:1 leverage), I went to negative within a matter of hours, mainly due to having taken a position on the EUR/AUD and then taken a second when it spiked. I should have cashed out when I was over 100 pips up on both of those positions, though instead I was greedy and held onto them... now one is 125pips in the negative :(

Here's a daily chart of my stupidity with the EUR/AUD.

I've moved my take profit to a level where I should almost break even if it drops back down to todays low. 

Update: After looking at it a bit more, I've decided that I'm going to hold it and wait for the big drop since RSI is indicating that the euro is overbought. I think my mistake was an error in timing, I should have waited for the price and RSI to begin dropping before opening my short position.

Related

1. Easy Come, Easy Go... the story of my trading life
2. Always Wrong
3. Absolutely Amazing, it really really works!!!
4. Big Stupid Mistake
5. My Current Status

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