A new Life, A new Career, A new Dream - I am a Trader

[Taiki]

Ideal Trade for Today

After analysing my trades post market hour, this was the ideal trade for today and this is how I was supposed to behave.

- 1st trade was perfect with entry price at 5602, and SL at 5595.
- When NF faced resistance at 5620 (inverted hammer) I should have stayed in the trade, with moving SL to breakeven.
- TSL moved to new swing low at 5606.
- Breakout above 5620, New high made at 5633, and new swing low is at 5615. TSL2 is at 5615 now.
- Then price rallied to 5660 with TSL moved to 5627 and 5644.
- Finally TSL hit and trade is over at 5644.

1 trade, Net gain = +42 points

But I seriously failed in such execution part. Everytime I am telling myself to exit as per my TSL exit rule, but I am failing and booking profit at the sight of 1st weakness and with minor profit. Thus missing out the big profits. :annoyed:

Regards
Taiki

 

[Bewinner]

Even Taiki...this is the same problem I am facing...I could not able to control my emotions either ad missing the big wins...still struggling to improve a lot there...

 

[DanPickUp]

@Taiki

You do fine. Just relax. Rome was not build in one day.

Take care / DanPickUp

 

[Mr.G]

Rome was not build in one day.

Rome wasn't built in one day because I wasn't around at that time.

MT007 out.

 

[rajgreenpeace]

Ideal Trade for Today

After analysing my trades post market hour, this was the ideal trade for today and this is how I was supposed to behave.

- 1st trade was perfect with entry price at 5602, and SL at 5595.
- When NF faced resistance at 5620 (inverted hammer) I should have stayed in the trade, with moving SL to breakeven.
- TSL moved to new swing low at 5606.
- Breakout above 5620, New high made at 5633, and new swing low is at 5615. TSL2 is at 5615 now.
- Then price rallied to 5660 with TSL moved to 5627 and 5644.
- Finally TSL hit and trade is over at 5644.

1 trade, Net gain = +42 points

But I seriously failed in such execution part. Everytime I am telling myself to exit as per my TSL exit rule, but I am failing and booking profit at the sight of 1st weakness and with minor profit. Thus missing out the big profits. :annoyed:

Regards
Taiki

Wow.........great going........not bad ......sir!!!!!!:clapping::clapping::clapping::clapping:

 

[RAVINDRAN]

Hello friends,

Finally I am out of the corporate slavery and now I am a full time trader.. It was a tough decision but the tougher path is ahead where I will be working from now on. All my time and energy will be dedicated to trading, learning, being discipline and enjoying my new life..

Starting the new thread, new diary, new career from today.. Best of luck to all my friends here, wish me luck too :thumb::thumb::thumb:

Best Wishes.
Ravi

 

[DanPickUp]

Rome wasn't built in one day because I wasn't around at that time.

MT007 out.

Lucky for all of us. We all would miss the beautiful history buildings in the town.

https://www.youtube.com/watch?v=7FmognvrztU&feature=related

Take care Mr. Out and have a nice evening / DanPickUp

 

[Vertigo_1985]

Are you trading all setups as given by Lance in his book?

 

[Taiki]

Wow.........great going........not bad ......sir!!!!!!:clapping::clapping::clapping::clapping:

Raj Ji,

May be you did not get it correctly, That was the ideal trade which I should have taken but could not. I got this type of trade while analysing my trades during post market analysis. In actual I did 3 trades and got only 10 points. It is in previous page. I am failing in such execution part,

Regards
Taiki

 

[Taiki]

Are you trading all setups as given by Lance in his book?

Haan ji, intention toh wohi hai..

Currently my setups are -
Breakout pullback (BPB)
Breakout failure (BOF)
Test of resistance and supports level (TST)
pullback (PB)/Complex pullback (CPB)

Regards
Taiki