Took my last profits on short ZB position, I miss my babies already!

I was conflicted yesterday about taking profits at 119'00. I've had a GTC order in to cover 2 contracts at 118'16 for several weeks. But like I mentioned in yesterday's post, I didn't want to watch profits evaporate as they had in the past so I felt I needed to take some of them. Well sure enough a few hours later my last short contract gets covered at my target price which means I left another $500 on the table from yesterday's close out. But looking at the chart, if 118'14 turns out to be a tradeable low, then I will be happy I got out. What if that low was 118'17 and thus I didn't get out of my trades for being stubborn on price at 118'16? That's the battle I still struggle with, when to override your game plan. It's easy to look at a chart later and say should've, could've, would've. So while it sucks to wake up and realize you probably flushed $500 by not being patient, what I have to remember is I felt it was the right move to make at the time and not second guess myself. Now comes the hard part, being patient and waiting for another good set up. I've got my alerts set up so I will evaluate the landscape when/if those are hit.

There is very little time premium left on my short calls, about $350 total. Essentially I'm out of the market right now. Notice Think or Swim's software is still messed up and showing something is ITM when it's not. I emailed them weeks ago and they assured me they knew about it and it would be taken care of soon. Makes you wonder how safe your money is with them, safety is an illusion anyway.

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WOW! I think that sums it up

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Stay Small, Stay Out of Trouble

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Forex Is Crazy

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