Monday, February 28, 2005

Dealing with missed profits

Sunday 18:00EST
Euro opens down
30min later Euro is off the highs 10 ticks and I'm sitting here contemplating what to do:
Go long Euro and don't mind the consequences of a 15 tick Stop to my account, because that's where I had placed the line of resistance for the Longs,
or
do nothing and go to bed.
Actually 18:30EST is 0:30am my time and I'm tired

Prudence won and I went to bed

...only to see Euro in the morning about 40 ticks higher

Now I'm looking for a trade and still thinking about these easy, but again missed, profits

1 comment:

rasl said...

missed profit is better then a loss