Any help or ideas to help me get better are welcome. Because I'm new my goal is 20 pips each day. Maybe I should have waited to get in? The RSI isn't overbought? My target is at 100%. Should I go for more? or less?
Watching the trade retrace makes me want to close it out and take the small profit then get in again, but I normally end up losing the small profits when I do this, so I'm trying to let the trade run the full length.
Dang this is hard!
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Retracements!
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So what do you do when it retraces back past your entry point? Should I close the trade and enter again with the better entry point or just let it go????
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Does everyone watch the trade from beginning to end when they are new at this? My stomach is in knots.