Stay with the Plan!

Last night's trade, although it wasn't a winner, was fairly easy. The setup was wide again - not as wide as the other day on the 31st, but close. The price was around the middle of it, so I once again set up trades on both sides and went to bed.

Now, I'm not so sure I would feel that great about doing it this way if I had real money at stake. Especially not at first. I know those first few trades in my real account will be a bit punishing, because I will be staying up at least until the second part of the trade is done (where I move my stop up to break even.) Last night that would have been around 3:00. Funny thing, though. I woke up right around that time and went out to check it and sure enough! It had gone up to the long entry and on up to the point where I could move my stop up.

Unfortunately, it didn't continue - in fact it came down almost immediately and came close to stopping out before it went back up and made another attempt - but it finally pooped out - and stopped out.

When I got up this morning, I discovered that it eventually went on down just below what would have been my 'losing trade' stop before taking off and going way up. It eventually went up to the winning point, but would have stopped out first. That's why it's good to check these things, even if it's only every couple hours.

The thing is, I've got to be good with sticking with my plan and not caring that it eventually went up to the goal. Going away from the set plan is the way most people fail at this. There will be a time when it goes straight to the target, or at least stays within the parameters of the plan before going up (or down, depending on the direction needed.) I'm feeling myself becoming more comfortable with that mindset. I know that it will become more of a test as time goes on. I have a tendency to veer - and hence the title of this blog.

I'm sure there's nobody out there that does this, huh?

I still haven't done anything with regards to the 'money right now' issue. I seem to be getting better at The Law of Attraction, though. Every weekend, I get someone calling out of the blue that need my services. I love it!