Now this is where things get interesting. My plan is to give it some room to develop. This means I'll need to sit tight when price moves against me. I've messed this up big time in the past. I would have a plan then panic and dump the position only to see it hit my target without me. This would then have a negative effect on my account. Not to mention my risk and position size was heavy. I guess I'm starting to understand the part about plan your trade and trade your plan.
|