HNR Trade on Jan 4, 2013 11:22 from kumarBOWS: Tradervue User Stock Trades.

My only good trade of the day. This was a no brainer for me. Great set up and risk-reward trade that I need to start focusing on. Spotted the weakness at the 10.75 base and took it short. After many losing trades I was excited to finally have one go in my favor and what did I do? I took it for scraps.

This is my biggest issue that I'm experiencing with my trading so far. I have so many low quality trades based on fear of missing out and other emotions that every time I do get into a high quality trade, I'm scared to take it for any significant moves. How can I have big wins if I can't even ride out the winners?

Time to sit back with my trading and only wait for these no brainer high probability trades to set up. The market gives us at least one or two of these a day which I'm great at finding, but seemingly quite horrible at trading. All which I believe is due to my previous crap trades.

With this new approach, I also need to implement a profit taking strategy so I can fully maximize my gains. From what I've seen from other great traders, locking in partial profits seems to be the best technique. I'm going to be locking in half profits on the first .10 and riding out the other half.