Could have been a much better day... Trade 1 - Good trade (exit a bit too early) Trade 2 - Entred too early because I missed 2 trades, then added at my stop by accident (sold instead of buy), didn't exit immdieatly because I saw we're approaching the SL, and a short entry might be coming. The short entry did come, but then instead of exit in the right target (.43) I made ant exit on .51, leaving 40$ om the table. When you start something in the wrong way, it hard to come back to a diciplined mindset... 2 trades, 2 winners +57$
AM Not going to hindsight trade 4 â rather tell you what I see In a nut shell you entered long as price was pulling back in the form of a range And though the PB ultimately held â it did so with less momentum and subsequently formed the range in grey on the 5 min (over the lunch hour) ============ More detail Move took off up â Pink up TL Gained momentum â Green up TL Petered out and formed a top â 10:09 / 10:10 / 10:11 bars â and retested on the 10:16 bar / 10:17 bars (referencing the 1 min chart) Note; Notice the above coincides with 3 discrete 5 min bars - which also spans 2 â 15 min bars (close of 10:15 bar / 10:30 bar) (also note the 10:45 bar was inside the 10;30 bar - tighter range building for eventual B/O - which it did B/O but the momentum is less than stellar and turned in another range over lunch)) aside; I believe it important to pay attention to open/ closes of 5 min & 15 min bars ============= If I had entered long, I would have exited at the break of the cyan (light blue) line on the 1 min (price stopped going up) Price breaching the green TL means the aforementioned momentum is waning eta - I think I show the entry on the wrong 5 min bar (5 min chart) - should be the next bar to the right - sorry RN
Must thank RN for this day... Was able to exit 2 trades when I saw they're not working so was able to end up positive with only 1 winning trade. just kept saying to myself, "regrets I can live with, big losers, I can't..." Trade 1 - Long entry for potential BO. after 3 bars of hitting the resistence. exit at BE, original stop got hit later... Trade 2 - Marginal short entry, though we're going got a reversal after this triple top. Exit when got a long signal, and I think I should have reversed instead of just exit (almost did...), but still, kept this loss small which was good. Lesson learned: when you're short and getting a long entry signal, reverse, don't just exit Trade 3 - Good trade exactly according to plan. Altough price did ran through my target for 25 more cents. Overall 3 trades, 1 winner 2 losers +15$/5cps Overall positive week, but not a very good one... +65$/21cps, staying with same number of shares for next week.
Now let me see if I can grasp this 33 1/3 % win rateâ¦, yet ended the day profitable 2 X more losersâ¦, yet ended the day profitable 100% more losers than winnersâ¦, yet ended the day profitable There just may be a lesson in there for anyone learning / struggling Yep⦠may just be a lesson ================== Alright AM, You have a method & way to manage losers Next week â trade your plan (win, lose, draw) You forged some really good metal today Get Some Rest & Happy Weekend Sir RN ========================= btw; Few important lessons in AM's entire post
Good day, could have been better Trade 1 - Classic, target was supposed to be 3 cents higher but was afraid of resistence at .15 Trade 2 - Missed the first entry becuase I though the bear before enrty bar was too strong, got a good second entry, but exit way too early after seeing the price stuck at .20. Target was .23 and was easily reached 2 minutes later. Missed a good trade 10 minutes later due too lost of internet Overall, 2 trades, 2 winners, +50$/17cps Can't upload the blotter for some reason (says "not a valid img file", this is a JPG file, MODS please help...)
Nuff said =============================== This needs fixed permanently; what if you were in a trade and it was going against you RN
Very sick, Tried to trade but missed two entries so decided to stop. Hope to get back to it tommorow.
Still sick, bad day. Almost fnished it at BE but then decided to take another trade, bad choice... Trade 1 - Short on PB, not sure about it but mde it anyway Trade 2 - Revrsed on a long entry signal (a bit too late because of hesitation), good exit. Trade 3 - Entry on at 2 min pullback, exit accrding to plan. Trade 4 - Marginal trade (same as trade 2) should have definetly revrsed it when I got a very clear long entry, instead I've just exit... Trade 5 - Classic setup, very bd entry, god scared of price returning from the resistence... Trade 6 - Bad trade, DL broken and also was a classic short entry 2 minutes after my entry so the least I should have done is reverse. Didn't do it... Overall 6 trades 3 winners, 3 losers. -43$/14cps . I glad I was able to reverse my first trade, unhappy with the resst of performance. Guess I just shouldn't trade when sick... Overall for this week, 2 trading days. +7$ staying with same number of shares...
AM Don't know if you're still sick... or what... but if you've a position on, get flat Earnings this evening after the close just sayin RN