What seemed like a pretty dull day in the market actually turned out to be a pretty great one. Not only was it great but it was profitable for many of us in the room as well. However, when I say many of us I must admit that I wasn't one of those that were able to "ring the register" and do my making money in the market happy dance. Regardless, I get my excitement from seeing my predictions play out successfully and from the comments I received from members of the room that were pretty happy about the wins today. As a member of the room wrote me this afternoon:

"Hope you enjoyed your run. All three (EurJpy, Gbpusd, Eurusd) hit their targets (618 exts). Pretty cool or what."

Pretty cool indeed. As I mentioned earlier  today was a rather slow day to start. Other than looking at a few swing trades, nothing setup on the day-trading charts until the very end of class. Because I had planned on doing a distance run immediately after the close of our session I told the room that I would not be able to get involved in the trades if they didn't get filled by the end of the session. I explained in detail why not in the class, but let's just say I don't day-trade unless I'm in front of my computer to manage them. 

When returning from my run, I took a look on our Facebook Group page and noticed some comments about the trades. After reloading my charts I saw that 3 out of the 4 trades got filled and hit their first targets and were now rolling over to the second targets.  We decided in the room that (win or lose) I wouldn't tally these trades in our Trading Room Monthly Stats but between the 3 trades there could have been up to 270pips made.  It would have been nice to add that number to our current running total of over 300pips for the month, but I have to be true to my words. After all these trades could have easily went the other way. Well done traders I'll see you guys tomorrow. 

Nuno Leitão
2/22/2012

Great, im really happy to know that yesterday were very good. Ahh i wishh i could be at computer yesterday, 250 on 5 minutes are rare oportunitys. well life goes on,

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2/22/2012

Yes, rare indeed. But you know what? It will happen again and because we are skilled traders we will catch them the next time as well.

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Lax
2/22/2012

PATIENCE PAYS

Some traders don't realise how important trading hours are as part of your rules. Imagine if you've sat in front of your computer from 8 am till 4 pm. By 3.45pm you get absolutely no trading opportunities. By which point your 2 young children are running around you cos they just got back from primary school. To cap it all, you can't get this image of Akil jigging with the music during his breaks out of your head (LOL). How tempting is it to shut the computer down? Now how pissed would you be when you found out next morning you missed over 200 pips....all because you closed shop 15 minutes early. Thanks to Jason's psychology lessons, I get more angry now if I break my rules than loosing a trading.

All I can say is trading hours you set are an important part of the rules....patience pays.

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Akil
2/22/2012

Well said Lax, I'm going to read this comment in the room today!

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