Tuesday, 25 June 2013

Daily update - 25/06/2013

Good evening all. Quick update on the trade order I set up yesterday. Order did trigger and had a nice 150 pip run. Moved my stop and that was where the good news ends.

The next few sessions saw price action whipsaw back and forth between entry price and yesterday's daily low. Naturally my annoyed and impatient self got the better of me and I exited the trade with a meager 40 pip profit. So far it has yielded a lost opportunity of an additional 50 pips profit ... Doh!

Follow the plan, or be prepared to feel this sort of pain often!

Bad habits dies hard; remember, once a trade is in motion, let it play out. Follow your plan! Don't fiddle whilst you're in the trade where emotions tend to become involved.

Looking forward to the rest of the week. Good luck out there people.

No comments:

Post a Comment