going through changes.

Published on Monday October 18th, 2010 at 06:02PM by colstreamer

OK so I've noticed that my best trades are actually the ones where I set and forget. Not just after the trade is opened but also while it is open, in the past I have exited trades early or been stopped out by movbing my sl to break even or by setting a trailing stop.  So last night I analysed my charts set some limitorders for some likely looking trades and just left it.  It was so tempting to check out my positions this afternoon so I did to find that some had been stopped out at a loss while others were well on their way to their Profit target!!  I'll write them all up as trades in a minute so you can see what has happened so far today with my new idea.
  • 3 comments
  • Go to kiloandstitch's profile

    On Tuesday October 19th, 2010 at 12:17AM by kiloandstitch -

    I tend to do better with that set-and-forget strategy too. I guess sometimes when we're watching the price action closely, it becomes more tempting to keep making changes (move SL or close early) even when the price could be ultimately headed to your PT. 
  • Go to obiwan23's profile

    On Tuesday October 19th, 2010 at 02:16AM by obiwan23 -

    I do the same as you two!  It's hard to keep your emotions in check when you're watching the charts... Especially when you see the markets go against you. To set and forget is the best way I know to keep my finger from clicking the exit button early. Haha
  • Go to buruguduy's profile

    On Tuesday October 19th, 2010 at 03:39AM by buruguduy -

    Hah, I wish I could "set and forget" too. Just too difficult for me. I just have this burning desire to look at them again and again and make adjustments :D

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