Jan

"On day O, I would have sold one contract as prices took out the low of the previous day, and another contract as prices took out the Ross hook. At the close of day O, I would have had no profits to show for the trade. The following day, prices moved lower, and by the close I had 18 ticks of profit between the two contracts. I would have moved my protective stop to salvage at least one-half of those ticks.

"From that point on, until my exit at day Z, my two contracts were never in trouble. My 50% trailing stop would never have been hit.

"Let's continue, because there's more.

"Day P opened one tick above where I would have had a resting sell stop to short a breakout of the previous day's low. I would have been short a third contract on day P, and been showing a profit of 22 ticks at the close. I would have protected 11 of those ticks with a buy stop.

"On day Q, prices moved down even more, and by the close I would have been showing an unrealized paper profit of 29 ticks. I would have protected 15 of those ticks and been stopped out the following day, R, with a profit of $90 less costs of $25, for a net profit on that contract of $65. That would have reduced my losses to $104, with two contracts still open and making money.

"Prices corrected to point R, and so day R would have become the next point for connecting my trend line.

"On day S, prices traded through the Ross hook of day Q. I would have added contract number 3 at that point. At the close, the position would have been showing a 16 tick profit. I would have protected one-half of that.

"The protective stop would have held, and on day T, I would have added a fourth contract as prices took out the low of day S.

"At the close of day T, I would have moved my stop on contract number three to protect 14 ticks of profit (1/2 of 27 ticks made), and would have pulled my stop on contract number four to breakeven, as I had nine ticks of profit in it.

"On day U, I would have been stopped out of contract number 4 at breakeven. All my other positions were safe. I would have been down $154 less the value of my open positions.

Attracting Wealth Through The Law Of Attraction

Attracting Wealth Through The Law Of Attraction

Wealthy people have this so called millionaires personal mindset, a way of thinking that separates the achievers and successful individuals from the rest of the population. Your subconscious is much powerful than the conscious mind. This can either help you fulfill your dreams or hold you from success that you want in your life.

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