Idiotic trade here and was definitely a kind of half chase. Its tough with this things because it did look it could be flat. Rushed into this and did not really wait for a new high to break before taking an entry. If I did that, I would have realised support broke.
This trade, proud of my skills. Took new and improved bigger size. Knew there were two support levels and prepared for the stock hitting the lower one. Took off quickly into the rebound as I see many of these fail after heading down to the second support level. Good discretionary trading here. Turned a loss into a small tiny win (escape).
Fantastic trade here. Took size accordingly and took off half and half into spikes. Also was tempted to play the pullback and glad I did not as technically the pullback was already part of my first move. Great trade overall.
Half baked trade here. Kinda looked a little like a bottom bounce. Initial plan was to take off as HOD broke but was convinced because of other indicators that it could go higher. Got stuck in consolidation before bedtime hit and took it off with a tiny win. Mixed feelings on this one.
This should have been a smaller loss in reality, a smarter and less emotional me would have definitely understood that the next support would be around 12 after 12.2 broke. The loss size is truly not the problem because I did want to size up slightly this month. Its more the emotions carried over from my first trade that really made me a fool.
Its been a long time since I made a completely terrible trade. The idea was ok but I had promised myself to not trade set-ups that I had not tracked and this is exactly what I found myself doing today. On the bright side I am happy I made a chase early in the year. Now I am starting from the bottom, lets get back on track for 2018.
Rushed in today again with another chase. Got to get back up to standard. Seriously. Thank god loss was manageable. There was no pattern! Till tomorrow.
The hardest part about trading is the fact that its so easy to be a fall. Money is such a great motivator but it traps you easy. I took a C quality set-up really and convinced myself it would reverse. Losing the trade was not what sucked, taking the trade is what I’m mad at myself about.
Having said that, lucky some sense kicked in quick and resulted in a dent at max. This goes down again as yet another chase.
All I can say is phew!
Accuracy : 50%
KOOL – Pre-market break, a set-up I vowed to take along with 5 min scalps. Today this did not work and I just have to suck it up
IMGN – Not kool. I chased this, i hit the trigger too quick and there was literally no set-up. I thought I saw a scalp set-up forming but I did not wait for that candle to close.
What I need to do better on Monday:
- Up or out! – I am hanging around my trades a tad bit too long, gotta get out sooner when i’m using momo set-ups
- NOT CHASE.
On other news I decided to do recaps every 10 trading days or so. See my accuracy and P&L on a more big picture level. Then I will compare that with my previous 10 days compare for improvements etc. Stay tuned for that