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My biggest success today was keeping my emotions in check and maintaining my cool. I got a bit twisted, but did my best to wait for the next setup. I still need further work in this regard, being more patient.
My day's summary is below. At the end of the day, the net was a minor loss.
Good work, Brewer. Don't we know the need for more patience. Ever looking for ways to justify our trade entries we see in retrospect that we could have been a little more patient.
Of course, the same can be said for holding a trade that finally went our way after getting stopped out by 1 tick. On the other hand, the next time we try to "patiently wait" the market punishes us even more.
So, like ya say, "plan your trade and trade your plan" even though that loss could'a been a winner.
Thanks Ken, it is easy to over analyze trades in hindsight. That's a tough one to balance. Should I have moved my stop, or closed the trade prior to target? IMHO, that's a very bad habit to get into, unless you have a set of predefined rules to allow it.
Cheers