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The 22 Days: A Price Action Trader shares his Journey
I seem to be fixated on the countertrend setups and become elated when they win out, as if I have conquered the market.
Need to find a cure for this type of counterproductive thinking and stick to doing what is in my best interests which is simply getting a good slice of the trend.
Diary over three solid days: 8th (Thu) 9th (Fri) 12th (Mon)
LESSONS:
1. When it is time to sit I must not count my profits and I must not close out positions.
2. When you have all factors shouting 'trend day' just place faith in your stop and swing all or most positions.
3. I bought on 8th April sure that this was a temporary bottom (sure based on technical grounds), held through a large downswing, then sold way too early on the next day. Walk your talk, this game needs outsized wins to give a trader the edge!
4. I SHORTED on a trending day. It worked out well and my confidence was well placed in my abilities, but then ended up NOT taking further with-trend entries!
5. As @tigertrader had adviced @PandaWarrior these days are opportunities to be traded, not squandered off - missing such days may skew statistics enough to make what would have been a profitable year into a breakeven or losing year.
