CLF7 Trade on Dec 6, 2016 09:50 from scottpdemars: Tradervue User Stock Trades.

I took a 30m DBD wick with 10 cent risk order filled and I rolled ASAP. I left stop until I hit $400 on both then I locked in $200 and stop to flat, Then as trade rolled I locked in both at $200. Then I moved it BACK the PIVOT low of the morning would have ben a great stop to take off T1 with T2 at RBR 30m wick 50.01.

As the market FELL the NEW AMOUNT BECAME me NEW REFERENCE POINT of LOSE which means you RISK GIVING BACK to GET MORE MENTALLY.

In this case I risk GIVING BACK $400 in order to HIT T2 but the pivot was to STRONG

T2 I just Emotional EXITED just to NOT get stopped out FLAT.

Either way EXITING with PROFITS I COMPLETELY LOSE TOUCH with REALITY and FOCUS ON GAINING MORE AND MORE.

I think when you are green your focus shifts to the utility of MAKING BACK what you lost over the year.(Loss Aversion)

Execution detail:

Date/time	Symbol	Side	Price	Position
2016-12-06 09:50:34	CLF7	sell	$50.72	short
2016-12-06 10:32:26	CLF7	buy	$50.53	short
2016-12-06 10:32:49	CLF7	buy	$50.56	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=CLF7&trade=5041819&end=20161206124749&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=CLF7&trade=5041819&end=20161206171500&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=CLF7&trade=5041819&end=20161206171500&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=CLF7&trade=5041819&end=20161206171500&i=m60&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

CLF7 Trade on Dec 6, 2016 09:50 from scottpdemars: Tradervue User Stock Trades.

I think when you are green your focus shifts to the utility of MAKING BACK what you lost over the year.(Loss Aversion)

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