Coffee smells nice especially with profits

6월 6일

Be honest, what do you do when your trade gets into profits almost immediately when you placed the trade ? Is your decision to close the trade affected by past trades, especially if you had several losses ? In your mind , are you thinking if I take profits off the table now, I would be square off or make a small profit for today. The pressure is intense............

I used to do that in the past, not anymore. I am entering into a new mental phase of keeping my cool (maybe enough losses, haha) or embark on this new strategy.........

If profit target is at 3 and you took it when it reaches 1, then you need to buy it back at 2 later to reach 3 and more often than not, the retracement in the 2nd trade will wipe out your tight SL.

So, my strategy is to do nothing and let it run and keep staring at the profits and telling myself, stay calm and not do anything rash and stupid like taking profits. Of course, some of you may disagree with my idea and think I am an idiot or unrealistic or gone berserk.

Study my SL and you will slowly come to appreciate my rationale for doing so. Of course, I hope it turns out the way I want it to be. Let's see later.......

6월 16일

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