Keep Calm and Don't Move Your Stops.....

A little risk management saves a lot of fan cleaning!

The Purpose of Life is Joy!!

Thursday, February 2, 2017

+2RR

When you are wrong, you're wrong.

I went to bed last night thinking I would be trading long today. Not so young grasshopper. Indeed it was long all night without me but this morning I had no long signals at all, only shorts which of course are counter trend on the larger time frames but no matter, they still valid trades on the shorter time frame.

I had to wait a long time. I was starting to think I wouldn't get a trade today and indeed, I almost gave up and packed it in. But fortune smiled on me twice. The first time was a short that I missed because I was taking my daughter to school, that one was a loser for sure and then the second time was nearly an hour and a half after I opened the charts. It went to target almost immediately which is always a nice feeling. It would have been a 1RR day had that first trade been taken. Even then I would have been happy with the result.

Skill is nice but luck sometimes also plays a role, perhaps a larger one than we know. Some say we are blind to the role of luck in our everyday lives that we attribute to skill. Perhaps so but if true, I'm grateful for the small amount of luck I experienced today!

Cheers...

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