Perhaps just rewording it to a rule: "Close out all trades at Friday London close" . That would allow you to feel better about it, being a product of thorough analysis over time and therefore a logical addition to your rules based systemAnd of course - because the universe has a sense of humour - less than 30mins later there's a trade deal headline which briefly pushes the market past my +30pt target.
There's a lesson in the human factor there - "Can't be bothered to have this trade take up any more of my Friday night" is not one of the six reasons to exit a trade I listed at the start of this thread![]()
I know it's bad form to answer one's own posts but I thought that a better context of the above idea might be of more use:Absolutely true...though I believe that if one retains an awareness (or even keep a record) of all the failures, mis-fires and delusions experienced during the odyssey then it becomes increasingly difficult to repeat one's mistakes and eventually all that remains is what works.
Perhaps just rewording it to a rule: "Close out all trades at Friday London close" . That would allow you to feel better about it, being a product of thorough analysis over time and therefore a logical addition to your rules based system![]()
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