[B]TRADE 81 12/3/14 10:03AM EST[/B]
I hate it when i leave profit on the table. I know waking up early is good for many traders, but for me it has often become a detriment. Instead of letting my trades ride to their intended profit targets, i close them manually only for it to soar +70 pips more.
out of bitterness i guess, i’ve entered a short position at 187.72 with SL at 188 and TP at 187. I may close much earlier than that but for now that’s my TP. targeting at least a 2:1 reward/risk ratio. 10:1 leverage used. Still skeptic about the trade. There’s no clear signals on a trend reversal but at the same time, bulls may be overextended.
[B]UPDATE 11:20AM EST[/B]
Still holding the short position. Mental SL hit but price has not closed at 188 yet. I am still mad about that 100 pip potential profit that was left on the table. Would’ve been enough for me to stop trading this week. Arrghghh!
[B]UPDATE 01:07PM EST[/B]
Decided to double my total position at 188.09. If it goes down enough to break even, i’ll close all positions. I pull this desperate move rarely but it has been working.
[B]UPDATE 01:21PM EST[/B]
Closed all positions manually for an average of -22 pips at 188.00. Could’ve gone deeper based on the forming evening star pattern.