I TOOK A clean 2M RBR wick leaving a 30/60m RBR wick my initial. risk was 4 cents then I opened it to 5 cents to take in the 5m wick base, trade took off and hit 20 cent (obligation) T1 pretty quick I had this anxiety to take it OFF ENTIRELY and be RIGHT.
going to 5 cents I pushed my overall DAILY loss limits (-$295)
I KNOW I HAVE to TRY for RUNNERS or it THWARTS Probability and messes with the MATH
TAKE a DEEP BREATH and CLEAR your HEAD you have a GOOD TARGET LEAVE it hit TARGET T2
I had T2 target setup but market turned back and I ULTIMATELY took an EMOTIONAL EXIT
rather then holding out for T2 above.
Happy with my PERFORMANCE on entry but DID not like how I PERFORMED under the pressures exiting under a SMALL reversal. I need better RULES for EXITS that are "ALMOST THERE"
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-10-13 11:10:14 | CLX6 | buy | $49.53 | long |
2016-10-13 11:16:07 | CLX6 | sell | $49.73 | long |
2016-10-13 11:50:26 | CLX6 | sell | $50.25 | 0 |
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