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Sam@ezeetrader.com

£660 up in Friday’s live trading video

This single trend trade ran all day so there was simply some trade management to do at times with it. Trader psychology always comes into play as some traders may be tempted to bank profits early on a retracement. This is why you have to have a solid trading plan before executing a trade or you will jump out of winners too easily.

2 Comments

  1. Jim-Reply
    November 7, 2020 at 2:52 pm

    If your trades get very near target, within a pip or two, then stall or track sideways (and you happen to be there watching them) would you usually wait for target or take a slightly early exit?
    The reason I ask is that I often seem to be in that position, and usually exit at market, often price continues to target a few minutes later, but sometimes retraces all the way back to stop.
    Thanks for the video, very helpful.

    • Charlie Burton-Reply
      November 7, 2020 at 3:16 pm

      If it’s a couple of pips away and is stalling there then yes that’s fine…

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