-2 +6 turned into -2 Every daytrader's nightmare. Was it just greed or something else? We were in a TR and the momentum was weak and I intuitively knew that I should get out when I was in the money (or at BE at the very worst), but what's the reason for giving up 2 points?
My gawd, you sound like a textbook academic. Now enlighten me by elaborating on what you mean by "not watching the trade". BTW if I "micromanaged", I probably would have gotten out with profit, although not as much as I would have liked. The only reason why I lost 2 points WAS BECAUSE I sat on my ass and let it get to my stop that I've put on at the same time with my entry.