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Fear of Success Can Derail Your Trading
Jason felt like a deer caught in headlights. The unnerving thing about it was that he had been down this road before. He would identify a demand zone on the 60-minute chart where the price action was pulling back to retest this zone. A 5-minute time frame would be used to execute an order to buy 2 contracts of the NQ E-mini. But just like before, as soon as the price action entered the zone he would freeze in the face of the entry; or if he actually mustered enough courage to “pull the trigger” he’d exit the trade prematurely by moving his stop too tight so as to disallow the price action to breath. ... (full story)