I placed one trade today that fit my plan, but the trade didn't work out. I was stopped out. I was ok with that because I followed my plan, I kept my emotions out, and I did what I was supposed to do. My goal for this week is to just follow my plan, and make the trades that I should make. Today's results 1 trade. 1 loss -3 points Net P/L -$63.78 Chart:
Hey nice post .... I am new here in trading so don't know much but still few things which I have done was good in terms of profit... even gain knowledge..
I placed a trade this morning that fit my plan. I went long and unfortunately the NQ dropped down and tagged my stop then went to target. I wasn't upset, as I know things like that are to be expected and happen all of the time. Soon after that however, the market pulled back a bit giving me another entry that was around the same price but in a better-looking setup. I have to admit I had to question myself at first to make sure I wasn't revenge trading or chasing, but I wasn't. This setup was better than the first, so I took it. And this one worked out well. I was very happy with today because I followed my plan and kept my emotions out. Today's results: 2 trades. 1 Win 1 Loss Net +3points Net P/L + $52.44 First trade: Second trade:
Thanks! I hope you had a good day today. I didn't place any trades today. It seemed like a low volume choppy day at first, and I didn't see anything that fit my plan. We'll see what happens tomorrow.
I think you made a wise decision. I took a loss today again... There was some action after the FED minutes but I got chopped up early and called it a day shortly after the open.
That trade didn't work out as I was stopped out. The NQ is relatively weak compared to the ES today, and considering the fed speaks tomorrow, I'll just wait until tomorrow and see what happens. Today's results 1 trade 1 loss -3pts Net P/L -$63.78 Chart: