waiting for high @ 111.70 to sell from during the second week of september 2018
am still waiting for a low to be created so i can go long
i executed this trade on three levels 1- shorting @ 128.90 2- shorting @ 129.90 3- shorting @ 130.90 i want it to break the trend line so i can get my stops to 132.50 always remember that profitable trading is a game of patience, discipline & managing your trade post execution.
managing risk is the most important element of profitable trading
always try to sell from a high or buy from a low. waiting for an entry price point is one the most comfortable things u can do.
it takes time to build up the confidence in your system and more time to build the required mindset for profitable trading.
it takes time for a structure to create itself & for the market to start moving. i executed this trade today on the 2nd of february, but because am managing my risk & trading with a comfortable position size i will be able to be patient on it and give the market all the time it needs to make the move. its important for you to know where are you going out before...
it takes time to develop your own trading strategy. its a journey of trails, errors & lots of experimentation. with time, profitable trading become a game of patience, discipline & smart work. always trade with a comfortable position size because it is the only way in which you will be able to measure your trading strategy accurately.
still waiting for the pair to move up. i entered a bit early here @ 148.80 a couple of days back. i should have waited a bit more for execution. in trading you choose the pain you want to experience, you either live the pain of discipline and wait for the right time & price execution or live the pain of disappointment & confusion by executing the trade...
as long as this high is holding it self am not closing my short positions. nothing will tell me if am right or wrong except time. at the end, this trade is one of my next 100 trades. manage risk.