- Update & Refine Game Plan for Taking Profits.
- Begin experimenting with scaling out of trades
- Begin experimenting with trading on larger time frames
Overview: Only one trade today. Below is the overview. It’s time to begin sizing up on instruments with cheaper contracts to experiment with scaling out.
Key Takeaways: – You must refine your Game Plans for Taking Profit | Your game plans for how to take profits are not up to date, and a bit flawed. You need to refine your game plans for taking profits. you need to begin experimenting with multiple contracts and scaling out. Taking profits at levels is sound, but you’re getting frustrated at the remaining upside you’re missing. Right now your strategy for exiting has been to place limit orders near the next key level, counting on surge of FOMO buyers to fill your order and enable you to walk away with profit. This has been working but you must refine this. –Begin experimenting with trading on larger time frames As per your plans you’ve been scalping, which is good, & you’ve done well to abide by your plans. But by only scalping you’re leaving a massive majority of a profitable move on the table. This is fine for the beginning, but just keep awareness that the future must entail you practicing capitalizing on larger moves.