Any help or ideas to help me get better are welcome. Because I'm new my goal is 20 pips each day. Maybe I should have waited to get in? The RSI isn't overbought? My target is at 100%. Should I go for more? or less?
Watching the trade retrace makes me want to close it out and take the small profit then get in again, but I normally end up losing the small profits when I do this, so I'm trying to let the trade run the full length.
Dang this is hard!
Watching the trade retrace makes me want to close it out and take the small profit then get in again, but I normally end up losing the small profits when I do this, so I'm trying to let the trade run the full length.
Dang this is hard!
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Retracements!
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So what do you do when it retraces back past your entry point? Should I close the trade and enter again with the better entry point or just let it go????
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Does everyone watch the trade from beginning to end when they are new at this? My stomach is in knots.
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Man, I could have taken at least 7 pips.
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Is this a double top?