My Day job getting in the way

I was in a bit of a predicament this morning.  2 of my orders were automatically executed early this morning when S&R levels broke.  I was long EUR/USD and short USD/CHF.  Before leaving for my full-time job, my positions were up 116 pips.  I had stops and limits sets for both.  I had studied the charts last night and felt confident then with these limits. 

But the predicament I was in was that I would be in meetings all morning and would have no way of following these open positions.  Conflicting thoughts said:

1.    Close out the positions with momentum.
2.    Wait for your limits to trigger.  Don’t give up additional profit. 

I decided to take the 116 pips and $1016.10 and run.  Did I do the right thing? Looking at the prices now, I did give up more profit but not much.  Would I have been greedy if it were not for my meetings this morning?  I don’t think so.  You have to make decisions every time you decide to make a trade and even when you decide not to make a trade.  But that’s what trading is all about and that’s what makes it challenging and rewarding.

I’m actually comfortable with my decision and will not think of the additional profit I could have made.  There will be plenty more opportunities. 

1.    Don’t ever be greedy
2.    Don’t ever be impatient
3.    Trust your decisions
4.    Live with your decisions 

Not always easy to do… 

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