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Uncle

Registered: Feb 2009
Posts: 356

04-08-11 06:01 AM

Quote from ammo:

target

Thanks Ammo -- will try to hang on a little longer if we start moving higher again -- though I will not be holding a position through the 2am Germany export/import report.

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ammo

Registered: Feb 2007
Posts: 18258

04-08-11 06:05 AM

take partial profits let it run with a trailing stop

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Uncle

Registered: Feb 2009
Posts: 356

04-08-11 06:08 AM

Quote from ammo:

take partial profits let it run with a trailing stop

Thanks that's a good idea.. out half at 1.43995 -- long 275k still -- moving stop to 1.4390)

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ammo

Registered: Feb 2007
Posts: 18258

04-08-11 06:10 AM

stagger your stops also ,100k at 1 price,100k a few pips lower,a few pips higher

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Uncle

Registered: Feb 2009
Posts: 356

04-08-11 06:19 AM

Quote from ammo:

stagger your stops also ,100k at 1 price,100k a few pips lower,a few pips higher

I think I'm more comfortable getting out all at once because as hard as I try I still struggle with not being 100% objective if I am in a trade -- My thought process improves very rapidly after I am out --- want to avoid as much as possible giving myself the ability to impulse double down on a losing trade which is why I like to be at full buying power..

Appreciate the color and insights -- I followed your commentary in the ES Journal for a long time..

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Uncle

Registered: Feb 2009
Posts: 356

04-08-11 06:21 AM

stopped out everything (275k) at 1.4390

Account balance now 17,917

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