Still ended up being a winner but, if made a habit, this kind of behaviour will really set you back. Either accept the risk and see it through- or don't! It's ok to pass if you're not feeling up to it, just make sure you're objective when you do take them...
08:24EST...the YM had just finished a third leg down on the 1min chart (much like the EUR/USD trade I posted a little while ago) You can see all the support/resistance points on the 60min going back a month as well as the upsloping support of the trend which began midday on the 29th...on New Year's Eve there was an 150 point sell-off in the last 45mins of trade which allowed the price to poke through that support whilst still holding it. Intraday, we had the open, which created a strong gap up out of NYE's close, serving as additional strong support. I picked off pretty much the low of the move (4 ticks off lows with a 8721 entry...8714 stop) allowed my emotions to get the better of me and covered, at 8725, just as it broke out of that little 8min range. It reached my 8738 target 2mins later at 08:34EST. Reached 8775 without any serious pullbacks for 54 points with 7 risk. Closed at 8952 after reaching 9019!!
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