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Overall it was a good day. I made mistakes today but was fortunate enough to end up positive for the day.
I knew today was going to be a slow morning yet I played my targets as if was a regular day. If I had to do it over again I would have set my target lower and had just one target. Lesson learned.
I took my lumps on the second trade. I was trying to play the breakout of the 200 SMA. When I placed my stop entry order I placed it to close to the current price. As I was trying to move stop further away I got filled. One more second and the trade would have never happened. The second mistake I made was not immediately closing it out. I didnt want to be in at this price. I was holding on to "hope" that it would turn positive.
The final trade of the day I entered on the trend line break. The price went to within 1 tick of my first target and reversed. It reversed quickly so I had to close it out manually.
I am using a new tool to post charts directly to my journal. Thanks to @vvhg and @Big Mike for putting the time and effort in to make it happen. It is awesome! I will be able to post what I see in real time.
Robert
What was the best thing that happened to me today:
I followed my rules.
I clearly saw my entries today.
What was the worst thing that happened to me today:
When I got filled on a trade at a price I did not want, I did not close out the trade. I let it go in the "hope" it would go higher. This cost me ticks.
Going to revise this a little. The second trade I should not have taken. It kinda fell into the criteria of a breakout but really didnt have a good setup. This was a bad trade. I removed "I followed my rules" from the best thing that happened today.
I realize now the importance of entry rules. When I follow them the profits are higher and losses are smaller. It took a long time to figure this out..
I forgot to post my trades in the previous post. I updated the previous post to include them.
Robert
What was the best thing that happened to me today:
I clearly saw my entries today.
What was the worst thing that happened to me today:
When I got filled on a trade at a price I did not want, I did not close out the trade. I let it go in the "hope" it would go higher. This cost me ticks.
