Damir's Trading Journal

xje,

This is no rare tendency. Many traders get stressed out when price is about to hit their stop and when it comes back to B/E or to minimal gain they just "escape" the trade without thinking twice.

What you need to focus in those situations is the validity of the trade. Reevaluate the trade, if you were to enter now would you still take it? If the answer is yes stay in, if the answer is no, by all means get out while you can.

If you find it hard, it will only get easier with time.

Remember, you trade with your mind, not with your emotions.

TM Trader

 

"Reevaluate the trade" is very good advice. I'll try that. Thanks, TMTrader. I'm learning from you guys.

 

Short 9401. Might be too low, and might bail fast.

 

Covered 2 @9375.+ 26 for todays. +5 which was a hanger which was shorted exactly 2 weeks ago + 5. Still have another hanger @ 9349 which I'm sure everyone has seen.

 

long YM @ 9368. Johnny Cash is gone...

 

long at 9358 YM Dec.

 

I don't believe this. Bought 2 @9347 so I'm out the 9349 short with + 2. i am long one now @ 9347.

 

nice mistake. added long @ 9349.

 

Uh oh. I was trying to place a sell and placed a buy. Have another batch of YM long at 9848.5

 

Just shows one MONEY MANAGEMENT is crucial to making money and surviving in these markets. i just wish I could be more consistant all round.