today - $ 125 but too many trades = 35 Todays Mistakes: 1) Do not buy the falling knife until it stabilizes in 5 min. ( new mistake ) 2) Have a plan ( mindset, procedure ready ) to reverse if BO fails, do not freeze ( new mistake ) 3) Look at 5 min also do not focus more on 1 min. ( repeat mistake )
not sure what your watching but the setups today were maybe 5,you should look for 2,2 shots and your out of ammo for the day,make em count,it'll force you to wait for a setup,trades you don't take are sometimes the smartest trades of the day,like a qb that didnt throw an interception
Good call. I was reading a report just now on how there is too much stock piles of oil, and so looked at my charts to confirm the negative report, and saw oil was indeed trending down. I scalped 10 ticks, could have gotten more if I timed my entry better, but took no heat on this trade as it broke to fresh lows. What was funny I was long a call option on SGEN, but although I was right in the direction, the option did not go up in value with the good news.
Since I am new at looking charts real time, I also look and TS and Depth hoping to find something , this is 1 more reason why I get confused more and results in more trades.
I've never watched TS, but have depth on my DOM and if anyone can see the Virgin Mary in a tortilla it would me and from what I've seen there's nothing there to be found that the price action itself isn't already showing you.
(15 minutes delayed post - was busy venting, sorry) got long before at .21 closed at .20 when I accidentally canceled my stop-loss and target. Previously bid twice at .84 and .96 but didn't get filled (bad day to nickel-dime my entries it seems).