Tricky trade management, Part 2

If we now turn to the 3min NQ (see chart) and if you also look at the 3min Russell (not shown), both these markets were at DP support. Sp with this in mind, it would have been a good idea to look to protect at least some of your open profit on the 3min ES short trade. Especially as you had two -1R losses earlier in the day and we were expecting a hard day yesterday.

In this way, you could have come out of yesterday break-even, which is always a good result when it is a hard day.

This is all about gaining experience and “learning” to become a better and more experienced trader....

Thanks, Steve