One of the things that I preach to myself and others is to trust yourself. 

We rely on news sources to "objectively" provide us with information that may affect our trading.  We use this news in conjunction with technical information to develop an edge.  To quote Mark Douglas, "an edge is nothing more than an indication of a higher probability of one thing happening over another."  If you've done your due diligence to develop this edge, you have to trust yourself to follow through on it without being influenced by the opinions of others.

The reason I bring this up is that yesterday, I posted that I believed the USD was going to retrace to kick off the week due to a overreaction to the payroll numbers on Friday.  Yesterday evening, I had 2 positions open: 

1.    EUR/USD short at 1.2145
2.    USD/CHF long at 1.2705 

Last night, I allowed a couple of opinions to scare me.  What I kept hearing was how the USD would be affected this week by the diversification comments made by China last week.  Commentary by Thompson Financial and their bearish sentiment of the dollar also affected me. 

What was the consequence of this scare:

1.    I closed my EUR/USD position last night at 1.2143 for a 2 pip profit.  I was thinking, "Good thing I got those 2 pips"

2.    The USD/CHF was trading down 11 pips when I went to bed so I kept my position open but set a 10 pip trailing stop.  I was thinking, "Maybe I should just close the position and take the 11 pip loss."

When I woke this morning, my USD/CHF position closed at 1.2754, for a gain of 49 pips due to the trailing stop.  Yes, I made a 49 pip profit on this trade but what if I had stuck to my guns:

USD/CHF     +79 pips
EUR/USD     +65 pips
---------------------------
TOTAL       +144 pips

I'm not letting this emotionally affect my mood and I state it now for learning purposes.