Good job, i did not want to see you leave your stop at breakeven and risk losing those profits like your first trade.
I was hoping for a continuation past hod, but not much action so far, so I am calling it a day. Meeting coming up shortly. Working 2 jobs is a pain!
BMW,that is nice trade! how can you hold such a long time? I noticed there were several consolidation before you took the profit. What made you hold the position to the end?
It is very hard to do, at least for me. Think of what the outcomes of a trade might be. 1. big loss 2. medium loss 3. small loss 4. break even 5. small win 6. medium win 7. big win With proper entry and stop management you can eliminate 1 and 2. Your goal is #7 or what the market will give you, and you never know how far it will go. So you set your goal as #7, but settle for a #5 or #6 if mkt says that is all I have to give you for now. You will never get 10 points if you bail at 2 points. Think you what you said, mkt had consolidations. Why exit on a consolidation? I am not one to be offering any advice, just sharing my thoughts. FWIW.