jmot: Great, finally an entry opportunity after 3 days of ambush.
(After a while…)
jmot: Breakout confirmed. Making entry now. Wait…oh dear, drew the range wrongly…sh*t! No choice…got to abort the trade according to trading plan.
jmot-angel: Great job, jmot, you managed to stick to your trading plan! The market will always be there. There will always be a next time. It is just not your trade. Discipline is very important in trading. When you are not in the market, your capital is safe and you are already winning…
jmot-devil: C’mon! You waited for 3 whole days for this trade man! Just make an entry. You could wait another 3 days for this type of opportunity! And what’s more, your next trade may be a loss! According to your usual profit target, you will just make 10 pips lesser. The setup is perfect. USD/JPY will definitely go your way! This will add another 60 pips to your results this month! Your wife will be so proud of you! In this way, you can buffer for the next loss, because you’d never know when will it come…
jmot did not take the trade. He treated it as a penalty for his mistake.
(USD/JPY DID reach his usual profit target. To spike him even further, USD/JPY turned down immediately after hitting his “profit target”)
Struggle with oneself. All in a day’s of trading.
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