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




Friday, 31 August 2012

31st August





1st entry poor entered off 3m not 1m need pull back on 1m entered at the bottom of swing on 1m

2nd trade:

Looked like complex pullback weak hands were shorts in uptrend going to test previous day high where stall had occured. Exited too early knew it was going to stop again at highs but the trade had showed me I was right so should have held until it tested highs

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