Heres a trade in the ZN. The idea is to sell 075 for a snap back to the profile range. Got shaken out easily.
Price eventually got to my original target at 060 without touching back my price 15 minutes after my exit.
Bad trade example, clearly have no clear exit strategy.
I don't ever want to see someone move a profit taking limit order from two ticks to one tick away from entry price again haha.
ReplyDeleteCliche Livermore Quote time:
"When the market goes against you, you hope that every day [tick] will be the last [day] - and you lose more than you should had you not listened to hope. And when the market goes your
way, you become fearful that the next day [tick] will take away your profit and you get out - too
soon. The successful trader has to fight these two deep-seated instincts."