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

A little risk management saves a lot of fan cleaning!

The Purpose of Life is Joy!!

Tuesday, May 7, 2019

Better still

Traded one lot today as it was chopping around and buyers kept coming in and I just didn't like that. I had a 2-3 break evens as I was pretty jumpy around the lack of conviction for the shorts but eventually it did break loose and I had a bit left in the tank and took a decent profit but left it well short of my ultimate target.

Lots of money left on the table today but the gap got closed a bit more.

EDIT: Price just printed my ultimate target. Just to poke me in the eye a little bit.


2 comments:

  1. Keep either 15M or 30M around you AFTER you enter the trade.

    I tend to get tunnel vision of the shorter TF After I enter the trade, if I keep the larger in mind always, easier to be more patient


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    Replies
    1. I will. The temptation will be to keep flipping back and forth between the lower and higher time frames while the trade is in progress. I think I just need to walk away. It almost always works better that way.

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