A quick note on two trades I entered a week ago or so (6 July).
Long EURGBP and Long AUDUSD.
The trades have worked out well and by my plan I should still be in them [ie wait to be stopped out ].
But fear greed and little people in my head got the better of me, I closed out way too soon, probably after just a few days for no good reason except I saw a profit sitting there and took it. Of course missing out on far more profits by doing so.
Getting this right - just hangin on to a trade and letting it ride is the toughest thing. And its what is going to bring the trading success too so its vital I get it right.
Long EURGBP and Long AUDUSD.
The trades have worked out well and by my plan I should still be in them [ie wait to be stopped out ].
But fear greed and little people in my head got the better of me, I closed out way too soon, probably after just a few days for no good reason except I saw a profit sitting there and took it. Of course missing out on far more profits by doing so.
Getting this right - just hangin on to a trade and letting it ride is the toughest thing. And its what is going to bring the trading success too so its vital I get it right.
If you can wait and not be tired by waiting...