MeetPips.com

I went on vacation and took a break... Hopefully the downtime will help me focus on the things I was working on before taking time off...From last recap - Before each trade next week, I will ask myself the following questions -• Is the trade documented with a chart?• What news in the next 24 hours, could impact this trade? How will this risk be managed?• If I were managing standard lots (if serious money was on the line…) would I take this trade?• Will this trade utilize a limit order? If not, why?• What is the technical justification for the limit order and price target? (other than that’s an amount that I would like to make, or that is a good risk/reward ratio)• Is the price target too optimistic?Other Notes- I took profits at shorter levels than last week, and that seemed to have helped.- I missed two potentially profitable trades because I set my limit orders on the conservative side. I need to figure out if that is a problem or not.