STICK TO EXIT/PROFIT TARGETS AS SOON AS IT HITS TARGET CLOSE THE TRADE NO HESITATION

STICK TO THE PLAN LET THE TRADE RUN


EMOTIONAL CAPITAL TAKES MONTHS TO BUILD AND SECONDS TO LOSE PRESERVATION IS PARAMOUNT




THERE WILL BE NO SETUP THAT TELLS YOU EXACTLY WHAT TO DO - USE YOUR INTUITION




Tuesday, 20 March 2012

20th March Trading

Trading the dax in the morning talk a short with the room closed for -0.2 but it went on to hit +10
Evening trading was hovering over the trigger on the Dow for a short first that would have hit +1 then hovered over for a perfect retest of a strong level didn't take it and it shot up 15 pips in about 3 seconds.
Many missed opportunities!  Results for the day could have been +10 within the first HOUR of the day!!! Looked at 3 trades on the Dow that I didn't take 2 winners 1 loser!
Took a third trade on the dow retest of the level I missed went against me then popped up to +9 then dropped back and hit a wall, FTSE and DAX all at big ressistance levels as well.
Results for the day:
Dax = -0.2
Dow=+1.8
Total = +1.8

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