We had 21 trades today, resulting in a profit of $415. The goal of today was to attempt to correct the issue of us giving money back on some trades, hoping to make more on the position; essentially trying to control our emotion of greed. We calculated that more trades, entering on good signals, securing profit when we have it and re-entering when applicable, if the most profitable route for us.
Today, when we saw a long position was say 8 ticks in the money, and we see that buying pressure is drying up, we take the profit; not wait for our target of 12 ticks to be reached.
When conditions change while you are in a trade, act accordingly, trade intelligently.
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