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, 8 May 2012

Trading 8th May

Don't short into an SFP JUST DON'T DO IT.  It is stupid it doesn't matter how small the target.

If you have a strong inclination that price is going to do something don't go on the hope that another pattern sets up first stick with what price is doing and how where it wants to go.  Wait for the RR instead of trading another test of the level.

Dow = -20

-20 for the day
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)