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




Thursday, 17 May 2012

Targets

I am going to change my targets at the moment I will set a target but change my mind when it gets there because it was never going to be my real target.  I trade price action as it happens so depending on the price action I will change my target in trade.  Then I realized why does a target have to be in a straight line, you need to set a target before the move happens you need some idea on the exit..


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