Trading Forex can seem like a tightrope walk sometimes. You are always balancing between taking the profit you’ve got and hanging on for more. One false move and you could die! OK, I got a little carried away…it’s dangerous, but it’s not “falling hundreds of feet to your death” dangerous.
If you have never heard of this movie, I would highly recommend that you check it out on Netflix. I mentioned it before, but I never posted the video. Or if you like to kick it old school, get the DVD. I don’t find it inspirational because I want to do something crazy like this. I find it inspirational because it shows us how far you can really take your passion.
Check out the trailer:
How far can we take our trading? What is really possible?
Well, I was definitely walking the tightrope on this trade. Here is the analysis:
The final result was a +1.03% gain on the trade. As always, this was a strategy that was backtested and demo tested before ever risking real money. You can check out the history of the process here. The price action looked good and I should have let the final position run! As I write this, I would have been up 252 pips, if I held on.
Oh well, this is why this blog is not called “Duh, Winning”.
But that’s not the right way to think. I’m not going to should all over myself. Lesson learned…bring on that next trade!
Hope you are trading well!
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I hear yeah and leaving profits on the table. While you can’t really ever forget it, I think you are prudent to take the 1.03% gain and move on. Heck, if you did that a couple times a month that would be some solid returns right.
Thanks for sharing the insight! Good to see I’m not the only one who leaves money on the table haha
Thanks for stopping by and for the vote of confidence Kirk! Have a great weekend!