Thanks a lot for the advice, RJ.
I think my biggest trading weakness right now is the fear of missing out on the big move...it can get me into what seems to be a decent trade only for the trade to reverse and turn into a fake-out.
Thankfully, I've had a lot more time to trade these past 2 months so I've been able to get a better "feel" of the market (if that makes any sense) which is something that you can only get from screen-time.
By the way, I'm currently in the GU and EA trades and recovering nicely!
That's they key.....not to jump in and out of the market winning a few and losing a few because you know who the big winner really is don't you?......yup....the broker, because he wins every time you enter the market!
I try to do what the friend above does.....only enter the high probability trades and let the rest go. If they turn into the big move, I will find an entry later perhaps and get some of the move. If not, I'll be happy for those who made money and I'll be happy that I lost nothing.
Remember that spreadsheet I posted before?........50 pips a day is all it takes to make a very large account. Even 20 pips will make a large account over 12 months. We don't need the BIG moves.....we need *consistent* high probability trades that return us a profit.
Doing what you like is Freedom. Liking what you do is Happiness.
