ScottBogatin

Bobby's Homework Assignment

ICEUS:KC1!   Coffee C Futures
2.1.23 Coffee hit the $15,000 profit level. I wanted to focus on some of the decisions I would have made and how they could adversely affect my profits on this trade. No matter how long you trade you will always be tempted to make decisions that can affect the outcome in a negative way. In the end it's not as bad to make less money on a trade as it is to lose money on a trade. If you decide not to take a trade that would have been profitable, you actually did not lose money and you should never go broke if you didn't like a trade and you missed a profitable trade. You won't go broke if you're cautious. if you monitor your trade decisions and decided not to take the trade that you considered... you should respect your decision that it could have gone higher and you had the right idea... and if you find this happens three or four or five times and you didn't make money, there's a good chance you'll start taking a trade that you wouldn't have taken at an earlier time in your Trading experience.
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