Postmortem 10-Jan-2007 : Missing the forest again? Maybe not…
January 11, 2007 – 9:13 amDid I miss the forest again? By looking at the chart of NQ after closing bell, I “should have” earned couple more Rs “if” I hold on my position instead of moving my stop to lock in early profit. (I would have been stopped out also even though I only moved my stop to break even point). NQ did a weak pull back by breaking the trend cycle for a while and stalled at previous day’s high for some time before it continued moving up in the afternoon.
Well, for this trade, there were couple of signs that prompted me to exit according to my game plan. So, what can I do? I guess that’s the only sum of money the market was willing to give me. On the other hand, maybe I should consider making a couple of trades after lunch hour as well… but well, it would be around 3am in Singapore…..
Not so “happy” by missing the afternoon move, but pretty satisfied with my game plan execution so far.
From the desk of Tradergav.com
You might be interested in reading these as well
Tags: Trading Psychology
No comments yet.