Psychologically, that is very hard to do. Are the most profitable plays the most psychologically challenging?
Yes, my #1 challenge is letting profits run. I catch them early very often. And it's where I would be able to make a lot more when get rid of this problem.
kinda hard to explain this long was based on Supt on 5 min @16 why long when I'm looking short? warped mind - they throw you off the scent 4/5 touches - it was actually 5 min chart - it was not set up properly hence saying long wanting down so short top then on arrow long but wanted down falling knife reversal on 5 min supt - couldn't resist
Extremely hard task! I also try to post trades in realtime and know how hard it is even though my frequency is way lower than yours.
El C.. Psychologically, that is very hard to do. Are the most profitable plays the most psychologically challenging? explain?
Giving back profits in the belief that that the position will ultimately provide a larger profit than if quickly in and out. CF's 42 short is an example where CF mentioned this type of scenario and the double top at 848. I would find this an unpalatable form of trading. Trust this clarifies my meaning.