Quote:
Originally Posted by Ray_1
Hi bhops,
If i were in your shoes, once the price moves to the 1.74800, I will move my stop loss down to 1.7500 to lock in my profits and let the trade runs. If you are trading multiple lots, close out half of your position at 1.74800, then move your remaining position stop losses to break even.
Never mind if you exit a trade early, it will be better than you losing. At least you profited from this trade, and no point feeling bad missing the big move. There are alot of signals in the market everyday, why feel bad over a single trade. Just my own point of view.  |
Agreed I think you have to try and take the zen approach.
Mark it down in the journal, reasons why you did it, what you did, so on and so forth and then let it go, release it out in the Forex galaxy. LOL.
I am encouraged that I only half botched it as opposed to completely botching it and trading something that completely goes in the wrong direction etc.
It's only one of about a billion mistakes in my future so I'm reasonably relaxed about it (now just half as sick as a parrot.)