You're like a scared little rabbit out there Fear dissipates when you really get to 'know' a market well. Currently you can't see this.
Using a chart for price analysis and thus entries and exits it TA - TA is not a study of why. If you want to know why check the fundamentals of supply and demand. This chart does not tell you why it simply tells you what. Assuming that is a 20 ema or ma, based on how I trade off of one, your entry looks sound. However you missed the next trade at somewhere around 10:30. My analysis say you have a full bar back above the ema a one bar retrace then an immediate one bar back up - that to me is a long entry above the high of the down bar, somewhere around 19.50. If you are going to use TA, DO NOT worry about why - just watch out for reports and think about what is going on, on the chart.
It took me a few years to figure out I don't learn much anything from my losses, but what I needed to do was learn everything I could about my profitable trades. It is better to mimic winning trades than concentrate on losing trades. Why not just concentrate on one market?
You got it backwards my boy You want to quit when you have losses and give er hell when you are winning. Guess where your account wil be if you limit your wins and let your losers run.
thanks...yea, getting a lot of comments on the 20EMA...that is what I am using...there are 'secrets' there...thanks
For any future readers, I guess this journal will provide a 'what not to do' or 'how not to approach trading'. INow will actually be helping people out as his accts runs to zero. Sorry Inow, but at least something good will come of it
officially done with trading for today...on radar... YM Sugar miniGold ...today was a very encouraging day trading...was actually down $16 before the +2.2 miniGold trade...thankful