YM futures surge (around 11300) at 10:00 am. and stay idle at 11450 only to drop where it surge into the close.

Lack of follow through.

Most participants got scared with the on-going Fed meeting and run for cover.

Bears are in the lead again.

Let see by tomorrow what's the outcome.

Let your profits run?...

That's the common wisdom being preach by most great traders.

But for not quite seasoned traders who are still learning the ropes in trading, that can be hard to distinguish/implement.

First, there is what you call "euphoria".

Especially for newer traders, whenever a trade showing positive result without any target exit plan, they are bailing out too soon/early.

Suddenly after getting out, you will be surprised the price keeps going up.

That's all common to all traders, especially those who are trading without a plan.

But there are some problems why traders bail out too early which differs to each individual.

It all depends on how you deal with it and training your brain with the market psychology.

Reading the markets is one trait that cannot be ignored about.

Lack of capital is another reason, since if you are not used to losing, there is a tendency that whenever you see a green amount in your P/L, you are prone to closing a trade.

That can be considered "greed" in trading.

In sum, what I emphasized is the "fear and greed" which is a common subject in trading.

The market surge to new high ahead from the Fed meeting.

Traded YM at 11350 and exited at 11400 for a gain of 50 points.

As I mentioned earlier, the market is on a bullish trend and can be traded after the pullback.

Bears are in control...exited at 11330...lost 20 points...

Bought YM at 11350 with stop at 11300...

Some thoughts about trading.

In trading, it is not important (in my opinion) to know everything.

You just have to learn (or listen) and find in your own way how the markets really works and from there implement or practice in actual trading what ideas you had.

It takes time, but if you persist and have the goals to succeed, nothing is impossible.

There are many ways to get involve in the market, you just have to find simple idea(s) that works for you.

In fact, one idea is enough, you just have to master it and tweak it as you go along.

But you have to do a lot of reading and educate yourself about the market, but that will come easily while you are in the market.

Skills is the most important, practicing the skills and knowledge about the market is the key to successful trading.

And based from studies and as mentioned from Malcolm Gladwell's "Outliers" book, it takes 10,000 hours of practicing your skills to master your field.

That's why commitment and patience is important in any endeavor.