TRADING RECAP AND PSYCHOLOGY - FROM 60PTS TO 10PTS

Last night before I sleep i managed to break even both position at 10pts

USDJPY 1H PARABOLIC - SELL LOCKED IN 10PTS

USDJPY 1H FOREXSIGNAL 30 - 10PTS

I repeat before I sleep it was 60pts in my favor so X2 = 120pts all

But the question is do we need to close the position to pull in sure profits? Or let the market do what it wants and the most important thing is we protect our capital.

Ill be honest, sometimes a professional trader feel this way. So lesson now is FOLLOW RULES RELIGIOUSLY. Lets go back to basic rule. 1st goal to break even, 2nd locked in some profits, 3rd agressively locked in profits. It is not how much we made today THE MOST IMPORTANT THING IS WE FOLLOW OUR PLAN, WE PRESERVE OUR CAPITAL.

FOLLOW YOUR PLAN
FOLLOW YOUR RULES IN TRADING
FOLLOW YOUR RULES IN TRADE MANAGEMENT
FOLLOW YOUR RULES IN MONEY MANAGEMENT.

Write down your plans and rules before trading and COMMIT TO THAT PLAN WE YOU ENTER THE TRADE.

So that when you enter the trade you know what you will do win or lose. It is not how much you made. It doesnt make sense if you make money and you didnt follow your plan. Because in the long run it is not profitable. It is not a trait of a successful trader.