Gave the market until 12:25 to see if yesterday's Low would be taken and continue down. At 12:30 the price action reversed and rallied up to my profit exit. Not a bad trade for +13 pts profit but honestly I was shooting for a bigger move down swing.
Lessons to be learned:
1. Trade what you see, not what your bias tells you.
2. Never get married to a position, always have a good exit plan in case something goes wrong or does not go according to the original plan.
Posts
No comments:
Post a Comment