Lost 4800, made 1800.
Finally. Got caught in a ranging market. So had 4 losing trades before the big move came. While I managed to catch it, I was greedy. Profit was at 3800 but I shifted my stop up to a 1800 take profit, and tried to wait for it to run till I covered all my losses. Ended up getting stop hunted, and missed out on an even larger run.
This means that a) I should identify ranging markets better and b) take profit at about 20 pips.
Yours,
X
No comments:
Post a Comment