ES Journal - 2019/2020
- Thread starter Buy1Sell2
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crystal ball says a new RTH. it has 80% probability.
yeah but when u get sucked into that 20% void, then it could give you a nice loss. so thats why have to have a good stop placement ( no regret stop loss). and have the rationality to let the trade go. as always i do check PA cos things could change easily even with higher probability nothing is 100%.If I knew with 80% probability what a trade would do I would be shopping for a private island
exited a few @25.50, will let remaining run to 30.00 atleast.
damn not good, my entry price started peeking out from the bottom of the DOM. Stop loss 21.50
having that knowledge is not enough, when it goes against you how you manage the trade is very important. also sticking to the trade plan is hard, thats why stop loss atleast getting a good stop loss placement whether hard stop or mental stop is of paramount for me. getting into losing trades is nothing new, but how you emerge from that loss unscathed is very important for me, living to fight another day or time is a lesson that i need to learn and with time i hope to learn it like second nature.If I knew with 80% probability what a trade would do I would be shopping for a private island
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