@PandaWarrior I just wanted to say thank you for this thread and to all who are participating at the moment. Very interesting discussion. The discussion is opening up my mind to many important truths. I am in a middle of a Combine right now and what I find most difficult is knowing when I should hold for more and when the market is telling me it isn't going further. Because I am inexperienced I often wait to long and give up a lot of my profit. Something to work on.

Anyways just wanted to say thanks.

Exited before the news. The news spike would have filled the second exit and then trailed out the third, but since this instrument seems to respond violently to news, best to sit it out.

The entry price on the chart is a blended entry, see the trade details for the specifics if interested. My first entry was late by several ticks....otherwise this would have been an even better trade....anyway, its not the entry that counts but the exit.......

gretaro 

@PandaWarrior I just wanted to say thank you for this thread and to all who are participating at the moment. Very interesting discussion. The discussion is opening up my mind to many important truths. I am in a middle of a Combine right now and what I find most difficult is knowing when I should hold for more and when the market is telling me it isn't going further. Because I am inexperienced I often wait to long and give up a lot of my profit. Something to work on. Anyways just wanted to say thanks.

Unrealistic profit goals often lead to stress which leads to self destructive behavior.

PandaWarrior 

Unrealistic profit goals often lead to stress which leads to self destructive behavior.

What about when you have a realistic profit, price misses by one tick, but you're so blind looking at your target, at the missing tick that the trade ends up reversing against you and amazingly, you're still lock on that missing tick?

Talk about self destructive behavior.

Nice twist on the charts, my friend

I like the black transition bar gag....


...hope all is well

arnie 

What about when you have a realistic profit, price misses by one tick, but you're so blind looking at your target, at the missing tick that the trade ends up reversing against you and amazingly, you're still lock on that missing tick? Talk about self destructive behavior.

There is a phrase for that issue. It's being a dick for a tick. And it applies to entries as well as exits.

We've all done it at some point. I still do sometimes, but if its close to target and not a staged exit like my ZN trade, I trail behind 75-80% of the target and let it play out.

A staged exit like today demands more patience while being aware of things like news so being filled on one at target while exiting with less than MFE on the rest is ok with me. I gave it every chance while still protecting some profit.

Don't be greedy if its unwarranted.

tderrick 

Nice twist on the charts, my friend I like the black transition bar gag.... ...hope all is well

It's just @Fat Tails thrust bar indicator with all the inside bars black and the dojis yellow. I like the colors, I don't use it to trade. At least not yet anyway.

Hope you find paradise to trade out of soon!

Silvester17 

how about looking at a different statistic. look at your ratio posts and thanks received. it's about 3.57. now look at the most valuable poster @Fat Tails: his ratio is "only" 2.16. for me that's an indication that members really like what you post. and then there're visitors like me. I'm not reading journals for learning or making a comment about the trades (most of the time anyway). I like to see if I can add some worthless input.

PandaWarrior 

Ego boosts.....nice....

@PandaWarrior

Taking a look at thanks received, you get 9.46 thanks per day so you should hit 10,000 in less than 6 months give or take a couple of weeks.

Robert

PandaWarrior 

It's ok. I picked up one of those in tribute.