Posted by: joetradingplace | July 23, 2012

Patience and Discipline

Gbpjpy

Final targets has been reached on the 2 shorts…the first short was taken on the 3rd of july at 125.00,  I then added 3 more positions on the 18th at 123.70. I don’t get these trades very often, where my final target is hit….but usually these huge wins covers for about 4-5 losing trades…so they are worth waiting for. I took this same trade with a friend of mine, but he bailed out with only 80 pips…now he is kicking himself for missing such a huge move.

These are the only 2 trades this month to reach my final targets. Trading is a waiting game, you sit and wait for a good setup…that’s only half the job done…and the final difficult job then is to sit and wait patiently for all your targets to be hit.

Early profits

 

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