Part free.................

Read on a while you'll catch my drift. Well it must be quite obvious what action we must take, what immediate action we must take! We must close the trade and accept the tiny loss of just 0.47p and move on. Easy really is it not? Well no, I do not think it is actually. Judging by what I have read in various forums and personal experience it is quite, no,very difficult at times to accept even the smallest of losses, the human mind tends to give us all or nothing choices at times like this i.e when we are under pressure. Well what do we do about this situation?..........  Pause........

Let me take a backward step for a moment. A while ago I reading 'THE NEW MARKET WIZARDS' by Jack Schwager  and in the chapter on Willian Eckhardt he was asked the question ' What advice would you give to losing traders?'

 The reply was 'Identify what you are doing wrong, then stop doing it'.

Magic, fuck me a million times over!!!! I just love quotes like that. Simple and to the point!

So, RT being the clever bastard he is!??!? Went and devised a plan, A TRADE PLAN! To avoid getting us into that horrible situation in the first place. It will have to form a post of its own because the various aspects need to be reasoned and explained, but there is a cost, well there always is isnt there? It is the new updated, much improved and totally revamped version that I making available to you for the princely sum of ...........Fuck all! No, the costs involve alot of mental resistance and discomfort for you!

That particular trade by the way I did manage to exit at scratch as the market did move in my favour as I was saving the screen shot.......

Catch ya soon

RT
P&L £9.89 BAL= £172.48