Disliked{quote} I won't speak for anyone but myself. When I place trades I have a technical reason and sometimes that is backed up by "emotional" or as I prefer to say "directional bias" Personally I have a "short bias" for this week based upon my belief in correlation between EU and the US stock market. It is my belief that in the month of August there will be a 8-10% correction in the stock market based on history (occurred in 9 of past 12 years). So when I see a spike down like we had at 4:00 am today I am waiting for the 50% re-tracement for a sales...Ignored
I kept my shorts and took a profit at 1.1840 and went flat. I initially sold too early and was underwater when price went up to 1.19. I wanted to just get out because frankly I wasn't sure what would happen at the open but my sell bias keep my going. I walked away and when I returned I have my profit.
I bring this up because I had to fight my impulse to close my position at 1.8999. However I had to wait until the 9:00 bar closed I kept the position open. In this case my rules helped me overcome my fear and "make the right decision"
...because you never know - until you do!
3
= better than SL
