Better focus today. Had an interruption around 12:00 pst and missed a good short entry. Getting into a trend is still tough for me at times so just watched and tried to learn something. 6 trades +12.25 Still too greedy or biased. Had 1 trade MFE of 5 that i exited for .75. Should have been more willing to take some heat on a couple trades as trade was still working. Then again i like for them to work very quickly. i'm going to lose readers as it's the same old story.
This quest that you're on... It's to hell and destruction. The last time I checked, it is a sin to pilage and destroy other innocent traders' accounts.
Cruel markets reward then slap you across the face. Exited at my target w/ a resting order a bit above support. Yeah ! + 9 Market then continued to fall with barely a pause another 20 points. :eek: Frustrated ? Only for the first 15 pts i missed. After that, oh well that's the way it goes sometimes, right ? (I'll be looking at that target selection again)
Trade management. Had a decent entry on a short. Placed my stop a little wider than normal based on structure. Price went my way to + 4 . Figured if it showed signs of reversing i would exit. Well, it did reverse, about 9 pts in less than 30 seconds. I was looking at a diff time frame chart saw the acceleration but too late. Hit my stop for -3.25 I assumed quite wrongly i would have time to exit. Lesson learned . move stop. even if only to BE. No reason a trade that far in my favor should become a large loss. Another topic/comment. Sometimes i look at the chart and think "this makes no sense. Is there order here ? What the hell am i doing ?" PnL attached
Trust the trend. I keep letting myself get shaken out by quick reversal bars. Psych issue partly 'cause i'm thinking about getting in, hesitate, enter late then start thinking i'm wrong.
Again. My price read was a failed b/o but I didn't wait to see if Supp would hold and turn it into a break out pullback. This is same problem i had a year ago-exit at support. some kind of need for instant gratification or just plain fear ? don't know. I'm not seeing context as well once i get in the trade. i think that's it. More focus on the big picture- that is more than the last 2 bars ! Really, this should be an easy fix.