After my first two trades I was up 2.3 points and I stopped trading
Then I got greedy and took another 29 trades.
I took a couple loosing trade, forgot the news. I got very angry after that and made so many mistakes.
The funny thing that I got short right to the news and it took me out by a tick on the spike. That would be a nice trade. Haha....
Here is a summary:
I figured that after such a big drawdown it's gonna be very hard to get it back and I don't want to click anymore.
So this is gonna be it for today. I noticed that I always start clicking and making mistakes when I forget about news. I get so angry when that happens.
I even have an indicator that marks chart different color but I didn't set it up because I thought I was done after those two trades.
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The first trade I got short. I saw that momentum down was really weak, but I was looking for profit target and didn't move my stop to BE +1. Second trade I got in too soon. I knew that after such a strong move up we should get complex pull back with 3 swings, but I thought that small green candle was second swing. Third trade finally worked out. My profit target was 1.3 points higher from my exit, but I didn't want to get deep pull back and get out with 2 points out of 5 points run. Should trust myself more.
Here are my trades:
And here is summary:
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Today and yesterday I traded really bad.
I got this horrible habit taking trades on every pivot. I had 46 trades yesterday and the same number today. I just can't stop. I have to do something about it. I know that I can do much better.
I have to listen to Mike's and Johnny's advice and make a rule about number of trades a day so I can be more selective.
I tried to trade replay for yesterday and today's open and I made 6.8 at 22nd and 3.6 at 23rd with only a few trades. I thought it's gonna be like a cheating because I traded yesterday and today, but after 46 trades I do not remember what was going on at that time.
I think I should start with 10 trades max a day for now. I would stop trading if my profit or stop goes over 2 points.
Lets see how it's gonna work out.
Yesterday I was trading around BE and I ended up with +1.2 but today I got drawdown of almost 10 points. This is just horrible. I don't know what happened to me. I don't really analyse anything, I just get in on every pivot. I wish I could erase few some days from my memory to get rid of this habit, but I'm afraid it's not gonna be that easy.
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I think you are right. I should stop fooling myself and listen to valuable advice.
I thought go with ten but stop after 2 points in any direction because sometimes you get two losing trades and third one would get you out on BE or something.
I should've done it long time ago when Mike told me the first time.
3 trades a day it is. I don't think it's gonna work right away, but I should try to make it work. I know that 3 trades enough to make 2-3 points a day I just got too loose and it's hard to get back.
Thank you guys for your help!!!
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