DislikedI've been trading for quite a few years now but I still struggle with letting my profits run, I have a clear plan before taking a trade and with targets in place, but I still seem to intervene and reduce my gains time and time again, I've looked at adding indicators to signal a change in direction but I still seem to convince myself that closing the trade is the best option. I've even closed portions of the positions to satisfy my need to take some profit but when I look to lock in my trade for break even I seem to believe that i'm better off taking...Ignored
If you have a sound trading plan as you claiming, then I assume risking wise is included in it already, otherwise that is the first thing you need to take care of in order to stomach the dd at least and in no rush to get out for little or not enough due to extra and unnecessary pressure purposes.
one other thing.. I don't know what tf you mostly work at.. but whatever it is, you can not make a decision about it in the middle of that time frame and no sooner than close of that time frame. for eg, if you work the 4hr.. you get to make decision on it no sooner than 1st 4hr and only once after every 4hr close. At each close you simply take look at the situation according to your plan and then you make one decision of the two.. to either letting it be or exiting out.. and if your decision is to let it be, then you actually let the damn thing to be left along for the next 4hrs. if your in daily.. once a day.. if your in hourly no sooner than 1st hour and each hour after that and so on.. .
It will give you discipline and it just might do you wonders.
I hope it helps.
Passion, Persist, Patience, Protect