Today was a fantastic day of trading, two really great trades and one trade that broke even. Today I was focused on letting the trade play out until I had reason to exit or move my stop. The result was bigger profits instead of getting stopped out early.
Above is the best trade of the day. I was able to get a great entry on the bottom of the Bolinger Band. Price went up and I thought about exiting but did not have a reason to exit. My reason for exiting would have been if price formed a new low after going up, which never happened. By being patient I was able to stay in the trade and get the most out of it which was 2 points.
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