Jay's Trading Blog

 

 

 

 

 

 

 

 

 

  They say cut your losses short and let your profits run and this was not a good example of that. I emotionally closed when I saw profit (I actually did this while I was in the car on the way to work). I was feeling bad because my last trade on the DAX tanked and I wanted to recover my losses and didn't want to experience the same feeling. If I had been at my laptop I would have taken liability out of the trade, moved my stop loss up and let the profit run.