My target was hit. And then I was flat.
Trading does not require one to be in the market at all times.
ES Journal - 2015
- Thread starter Buy1Sell2
- Start date
My target was hit. And then I was flat.
Trading does not require one to be in the market at all times.
add short 2115.50
you went flat because you thought (your stops are yours right)price would reverse on you. you were wrong, didn't reverse but trend continued. i think price will revert, hence i'm short
you went flat because you thought (your stops are yours right)price would reverse on you. you were wrong, didn't reverse but trend continued. i think price will revert, hence i'm short
That's simply wrong. My target was pre-determined. Done with this convo.
I think there is a huge difference between exiting a trade that is in profit vs. exiting a trade that is in the negative.you went flat because you thought (your stops are yours right)price would reverse on you. you were wrong, didn't reverse but trend continued. i think price will revert, hence i'm short
I do understand that even to exit a profitable long trade means you're assuming that its not going up anymore and continue in your favor, but just because you exit a trade for a profit doesn't automatically mean that you would want to enter a short position and hence ride it back down. All it simply means is that it can go either way at this point, so why risk money to find out, or risk your profits eroding away. But to continue to hold a position that is in the negative means that is has to turn around.
i don/t wish to offend, pre-determined by YOU,right.
when i exit a trade i expect either a top or bottom, OR close that more risk of loss is not worth potential profit.(which is actually same thing)
our targets, stop losses, fantasies etc are just that..approximations
I definitely do not.
then why exit if you anticipate further profit your way?