Quote from JoshDance:
The thing is, as I was sitting there with my .40 long, I watched it go into profit +40, and then helplessly I watched as it went back into negative almost -40, and I just feel like one of those "buy and hold" investors who is essentially at the mercy of the market. One of the reasons I trade is because I have control over when I enter and exit more freely, but it's that same freedom that I allow to screw me again and again when I make mistakes and overtrade, for example (which is why I had some great winners today, but still was slightly down for the day--too many impulsive trades).
But logically I know it's the same as when I take a 1-min-based trade--basically, I am supposed to let it hit my stop, or my target. Not muck around with it in the middle of the trade and exit early, and all that other stuff. But based on my analysis this morning, I could have held my 81.94 short all the way to the channel line at just below 80, and could have reversed at the fill and had a 50 tick stop, and back up to 82.50 which was my other target. Two trades, +450 ticks, no stress of sitting all day and watching. I hope one day to be mature enough to do something like this, but it just makes me uncomfortable to even thinking about it right now.
I thought you were taking a break V. Nice trading on the DAX.