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Dummy day trading #15 16-August-2006:E-mini Nasdaq:Long trade closed

by Gav

This is the result of let your profit run. Long position of E-mini Nasdaq was established above 9am (chicago time) candle. After closed Dow Mini position prematurely, I have decided to let E-mini Nasdaq position run. Indeed, it was a good decision. Trade closed with nice 3-R gain. I was just too tired at this point of time (mind you , it was 3am in Singapore Zzzzz).
Finally, I am turning black for this week.

This is 30-min chart of E-mini Nasdaq

16 August 2006
16 August 2006

Comments

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  1. Tradergav.com - Gav’s Better trading blog » August 2006: Week 3 review — Pingback
    [...] This week, in fact, I had more losing trades than winning trades. I was lucky, profit was big enough to cover the losses. The importance of let the winners run is shown. If kept taking small profit instead of giving some space for the winners run, I would most probably end the week with loss. [...]
  2. Postmortem 16-August-2006 | TraderGav.com — Pingback
    […] see the improvement after when I start to work the plan, follow the rules and let the profit run. E-mini Nasdaq trade went pretty well with 3-R gain. My main problem now is EXIT. I have no problem with my stop loss […]

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