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Strategies & Market Trends : Strictly Buy and Sell Set Ups -- Ignore unavailable to you. Want to Upgrade?


To: eaglains who wrote (8728)3/29/2006 9:18:54 AM
From: chowder  Read Replies (2) | Respond to of 13449
 
>>> i guess i can't get over the way i misplayed the other trades <<<

It's ancient history. Learn from it and move on.

Take smaller positions for now and don't touch the trade until either the profit target or stop is hit. Don't adjust anything. Just leave it alone.

Once the first profit target is hit, move your stop up to break even and then leave the trade alone until the profit target or stop hits.

Keep track of your trades in a journal and see how they perform. Once you have a track record, adjustments can be made. If you are enjoying success at that time, then you can increase your position size.

dabum