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RN thanks for this piece of info. this has also happened to me on several occasions. I quit the trade early only to find price reversing for a significant profit

Thanks BM and GC for taking time out and replying in such detail. I am not a beginner, infact I have been trading for the last 4 yrs. The first 1 year I had no idea what I was doing and did what most beginners do...reading books, listening to the "experts" on CNBC, using indicator this and...

RN thanks for your advice. I am trading with 1 contract and focussing on reading price action. will only scale up after I show consistent profits for a few months

I meant don't be in a hurry to take profits, let the position run as long as its profitable

you can take your empathy and shove it where the sun don't shine :p

If you are a discretionary trader, taking a few mins. off after a losing trade helps you being centered. You can then take the next trade which is independent of the outcome of the previous trade

Here are some of my trading guidelines, they help me in being disciplined and being patient 1) Don't trade when the mind is not calm and composed, market is not going anywhere, take a break 2) Don't open/close position in panic....wait for a while for a more favorable exit. 3) Don't...

While trading I watch my emotional state of mind more than the price action. This has helped me trade better here are some of the emtions I feel from time to time and what they mean to me in context of trading 1) hesitation to pull the tigger - something is not right - don't take the bet...

true, but boredom is only achieved after years of excitement...