Moved the stop-loss to below pivot or about 2% profits and will try to ride the wave as long as possible.
Errrr... Couldn't resist and took the profit of 6% as momentum wasn't as wild as when I usually tend to hold longer...
And of course was immediately punished for this emotional weakness by looking as price shoots up, but this time without me...
What a big lesson! Just one good trade taken can absolutely really yield as much as 15-20% or even more.... Yes, just one daytrade! But only if you have enough discipline to hold...
no not discipline - know the trend and relax. Discipline is hard work. You had it (missed the double bottom) but got in ok. Used PP well - that was a disciplined response. At that point you should have seen the bigger trend was kicking in - and it ran until I told you we were hittin resistance. That was a medium run. I got 19 - 56 and reversed. You are getting close - learn to read the bigger trend. Told you resistance was about to kick in - simple
Maybe indeed I'm trying from the wrong angle and force myself instead of opening eyes and being confident in a move and relax as a result... Will seriously think about it.
BTW, what so strong was in 56 resistance? From two days perspective it doesn't look like any special...
ya know those things that don't work - indicators? Well it's them. Can't tell you in advance - hahahahah heheheheh