That's a really insightful and reletable post, thank you :-)
I would count myself also as Risky Ricky. I given away so much good RR just for hoping of more RR or just the Trade reaching my predefined TP, which at the end didn't happened. And i wasn't able to accept that this is what the market gives me today.
Just today, had a potential 10R Trade which moved to 8R and consolidated there. I trailed it at 6R (which i finally got) but wasn't able to accept the limits and manually close it in the consolidation, which at the end costs me "real" 2R. I knew i should have closed out of experience but constantly refuse to do so, just out of greed and irrational hope.
Real! I see myself in this a lot. It's tough to go for a full take profit or not. I like to think in the grey shades and either trim my risk by moving the stop or take something out to alleviate pressure. I find it allows me to run the trade longer than if it were with full size.
That's a really insightful and reletable post, thank you :-)
I would count myself also as Risky Ricky. I given away so much good RR just for hoping of more RR or just the Trade reaching my predefined TP, which at the end didn't happened. And i wasn't able to accept that this is what the market gives me today.
Just today, had a potential 10R Trade which moved to 8R and consolidated there. I trailed it at 6R (which i finally got) but wasn't able to accept the limits and manually close it in the consolidation, which at the end costs me "real" 2R. I knew i should have closed out of experience but constantly refuse to do so, just out of greed and irrational hope.
Real! I see myself in this a lot. It's tough to go for a full take profit or not. I like to think in the grey shades and either trim my risk by moving the stop or take something out to alleviate pressure. I find it allows me to run the trade longer than if it were with full size.