Dummy day trading #15 16-August-2006:E-mini Nasdaq:Long trade closed
August 17, 2006 – 3:06 amThis is the result of let your profit run. Long position of E-mini Nasdaq was established above 9am (chicago time) candle. After closed Dow Mini position prematurely, I have decided to let E-mini Nasdaq position run. Indeed, it was a good decision. Trade closed with nice 3-R gain. I was just too tired at this point of time (mind you , it was 3am in Singapore Zzzzz).
Finally, I am turning black for this week.
This is 30-min chart of E-mini Nasdaq
From the desk of Tradergav.com
[...] This week, in fact, I had more losing trades than winning trades. I was lucky, profit was big enough to cover the losses. The importance of let the winners run is shown. If kept taking small profit instead of giving some space for the winners run, I would most probably end the week with loss. [...]