aliassmith wrote:MightyOne wrote:aliassmith wrote:Hmmm,
Say you are in profit by a decent amount. How much are you willing to
give back before your mind says no more?
A question that is part of my trader's logic research.
If up even hundreds of pips I am willing to give back ALL OF IT because if I am still holding as the market retraces that means that my plan for the trade is not yet complete.
"How much" is the wrong question to be asking anyways.
The question that you should be asking is what technical reason is there to exit ie is price closing over or not closing over a line.
Considering that there will be many lower lows or higher highs, you should always try to liquidate at the lowest low, highest high, or lowest/highest close.
Overcome fear with greed
Greed cannot see anything but the result it desires.
Actually it was not a question about if I should liquidate based on a specific
It was more about range and when the herd will start sending in orders
to liquidate a position that is up.