SHIFTING TARGET COMPLEX
When market gives you big losses, it create such trap with many small profits.
suppose you bought silver @40000 to sell @40,200(for 200points only)
but it went straight to 40350,
you were surprised,thought to sell
but someone told to hold
or someone bought here for target 40800.
it went to 40500,
You were here for 200 pt
and now getting 500pt.
but not thinking to sell at all.
Now silver takes a breather of 0.5% means 200pt
& comes 40300.
you are still in profit,
but you will not sell right now,you will place selling order@40400.
now silver slips to 40,050,
No profit left now,But loss is also not there.
One can exit easily with no loss,
but profit goes not alone, it goes with your capital.
When we trade less, our mind may follow our plan & principles,
when we start over trading, all plans fail,
We don't remember anything.
So if day ends with -1500,
then accept it with cool mind,
take a break,
See mistakes,minimize volumes means buy 5 goldguinea(8*5=40gm) instead of 1 goldm(100gm)
You can recover with 3 trades of+500.
DO NOT shift your target in good or bad market.
If you want to wait for a big profit ,then do it with strict trailing STOPLOSS.
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