I'm not sure what I'm doing wrong here... I think that I've read to take 1/2 the position out at 20 pips profit or two and set my stop at breakeven. It seems that most of the time that I do this I end up with a total of 20 pips profit. It almost seems as if the market knows that I took a little off the table and set a stop there, comes back to hit my stop and then goes back off like gangbusters in the direction I had been hoping.
I know that it is bad to chase a trade, and have been resisting the urge to do so, but I'm ending up with a lot of +20 pip trades that should have been much higher.
Any thoughts on what I need to tweak?
I know that it is bad to chase a trade, and have been resisting the urge to do so, but I'm ending up with a lot of +20 pip trades that should have been much higher.
Any thoughts on what I need to tweak?