Last night, over a few glasses of wine, my mind wandered onto the subject of leverage. The gist of my musing was when and how best to leverage a winning position; early, uniformly or as it's about to cross the finishing line.
Park this thought for a moment...
This morning I oversleep, missing my 'buy' trigger on the Cable. Dithering over what best to do, I decide to allow my confidence in it (the trade) to build for a bit, then go in later but harder - when I'm sure it's going to come in...
And this what I do.
15 minutes, -30 pips and 1.5% of my account later, I bottle it and close the trade.
20 minutes after that, Cable reaches the profit stop I had originally set.
There are so many lessons to learn here that this craziness could form the central case study of psychology thesis !
And I can't kid myself that this sort stupidity is without precedent; it's the character flaw this blog is trying to eradicate.
...but for pity's sake, Rob, just learn your bloody lesson, and let's move on.
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