why should u have taken profit ? you said u wanted to wait for 1329. Which is it ? take profit or wait.
Yes. Based on the fact that price were stalling at higher levels, but since I could not stay at the computer and believed in upside potential after lunch, I stayed with the trade Not saying I might have done differently if I was with the computer.
Many signals & many trades --> no overtrading One single trade without a signal --> overtrading If you see it, go for it, but if you're just pissed off because you were stopped out on your previous trade, well...
Price stalled. Covered @ 1324. 3 relatively small losers in a row. Will enjoy a cup of coffee before I enter any more trades tonight. Might be done.
just a bit of advice, but you were getting in these moves too late. I was short @1325.75. Shorting before the majority of the trend starts lets you manage the position better. Just an FYI. I'm no guru, but I do ok
I`m aware I usually don`t suffer from this during the market open (which I seldom trade), but I tend to chase more than I should in the afternoons. I guess my desire for profit disrupt my clarity of observation a little too much at times Btw, I posted you a few questions earlier in the CL thread. Not sure if you saw them before you went on your little trip
Yeah. I might have been chasing a little too much this afternoon. My second trade where I reversed my loser before my stop was hit had a pretty nice entry, but my exit was flawed. Since I only took 0,5 point loss on my last trade, it`s no biggie. But yes, it should be avoided to begin with. I just tend to press for more than there is on these slow range days. And that`s a recipe for disaster when trading the ES
S 30.5 orders at 31.5 and 32.5 stop is 34.5 Target is 27.5 Looking to enter longs between 25 - 27.5 Target will be 38