Monday, 7 June 2010

Then another nice Profit from the YM


But Friday did not stop there, as you can see, we got a nice TS3 sell later in the day on the 3min YM that made approx. +3.9R Profit (ignoring slip[page and commission). Again, this was a completely standard trade as the TS3 sell as “in line” with a red STF,. And then profits were taken at the first target as the STF was weak....

Can you all see what a brilliant day Friday was here we had two trades for a massive +9.9R Profit (ignoring slippage and commission). This is brilliant trading and would more than have made up for small losses the day earlier...... This is why it is so important not to get emotionally involved with any losses. Don’t get angry or frustrated, as you will then just miss the good trades that will come round next.

This is one of the main difference between amateurs and Processional, Amateurs worry about losses and spend their lives trying to avoid them. This then get this into such a psychological mess that they then miss then next big profit or cut profits too early, as a result they never manage to make the most of the Big Profits when they come through. The last few days last week has been a brilliant example of this, where MTPredictor has done its job of keeping the losses small and then maximising the Profits, exactly what the Professional trader needs.

Thanks, Steve