This is only to keep record of my trades.
Not financial advise. Thanks
Not financial advise. Thanks
Trade active:
+-50pips in profit.
Comment:
+-80pips. moving sl to break even
Comment:
+-130pips in profit. closing 50% of my position
Trade closed: target reached:
closed full position for 130pips. 1:2RR. price at a position with lots of resistance potential and it could reverse from here
Comment:
Post analysis
-Entry was good, i waited for price to reach my point of interest
-Moving of SL to break even is part of my plan and i waited for it to reach at least a 1:1RR before moving it
-Closing of 50% was also part of my and it around half way to my expected target
-Closing of the remaining 50% was not part of the plan. Should have waited to see if it was going to reach final targets. lost out on additional 100 pips of profit.
Conculsion: Need more work on managing my trade when it gets triggered and not get emotional or price watch. I am a swing trader and i need to give price a chance to do its thing.
-Entry was good, i waited for price to reach my point of interest
-Moving of SL to break even is part of my plan and i waited for it to reach at least a 1:1RR before moving it
-Closing of 50% was also part of my and it around half way to my expected target
-Closing of the remaining 50% was not part of the plan. Should have waited to see if it was going to reach final targets. lost out on additional 100 pips of profit.
Conculsion: Need more work on managing my trade when it gets triggered and not get emotional or price watch. I am a swing trader and i need to give price a chance to do its thing.