Made a good Entry. I actually was making a decent trade. Forgot to do one thing. One very important thing that distiguinshes the good traders from the bad traders. Get out with profit. 

As you can tell from my winning percentage, I don't win often. So when I'm up in a trade which believe it or not is often enough to be profitable. Much more than my winning percentage shows.

What happens though is because I don't win a lot I try to make up for it by staying in longer to get a bigger profit. What really happens is that I miss the opportunity to make a profit. 

Recently I have missed the opportunity to get out with my 10% mark on two occassions. One being my trade with ATOS and now more recently my trade with FXCM. I watch the L2 and I can see that it is changing direction. Instead of moving my stop loss up to at least break even I get caught up in the moment and stear away from discipline. 

I'm always thinking, "well if it does this then", when really my thought process should be "I hit my mark time to get out". My mark should have been $2.96 which would have been 10% gain. I had tWo opportunities to pull the trigger and skate out of the trade with $10 profit after brokerage fees. It doesn't seem like a lot but any profitable trade is a boost of confidence when you lose 75% of the time.

I keep telling myself, well next time you'll put your stop loss in. The only problem is that next time rolls around and I never move my stop loss up to a profitable situation.

Greed is my worst enemy and not looking at the bigger picture and always looking at "the moment" is dragging my confidence and trading value down. 

I am learning the hard way that Greed will never allow you to make a good trade. It will always put your blinders on and move forward to take a bigger risk than neccessary. The probabilities of profitable trade decrease significantly with the more risk that you are willing to take. 

My greed has caused me to lose roughly $70 in profits. Minus brokerage fees that would be $30 total which doesn' sound like much but it would have been two good trades that I put myself in with a small account.

Looking at the bigger picture would be to say that instead of my "small account" trade of 100 shares and 10% only being a $10 profit with a larger account I would make $100 on 10%. I have a hard time looking at it in this perspective when the trade is happening. I always end up putting the GREED BLINDERS on and it kills me. 

Alright, done my rant. Lesson learned for the 20th time. GREED WILL NOT MAKE YOU A PROFITABLE TRADER.