i used to do this a lot with my exits and also entries.......exit a trade because it does not feel right and enter a trade because it feel right. trading by instinct as one of my friends used to say. the problem is instinct cannot be defined and so may not be repeated...... .and if you trade by instinct you just do not know where you are wrong and so cannot put a stop. i traded for years by instinct and no stop because i had no logical place to put a stop so i put none. the result [ mine ] is well documented here in ET.....
i realise my mistake now.... that bear channel was strong but it was too strong[!!!!!!!!!] and it was after a deep pullback to the top of the range, so it was most like a strong move in a range missed all that: as is often the case when you celebrating a big profit in a position i should have booked and looked to enter again later
Shame on Brooks, is this how he rewards his students after 13 years of hard work. Scam artists like Al Brooks should be flogged in public.
I mentioned before that you like to trade those very-difficult-to-earn-money products. My level is not there. So I trade very-easy-to-earn-money products and avoid very-difficult-to-earn-money products.