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I am about to shutdown for the month after consecutive losses..I hate this and I find myself in this situation while shorting so shorting is not my forte (I know that but still my reversal mentality doesn't listen).
I hope everything will be alright. Trading is sometimes pushing our limits to some extreme level. Be careful to trade only money you are open to give away. You won't be emotionally affected and be able to trade rationally. Think about it when you'll come back.
USOIL had reversed up with a nice double bottoms pattern. I don't how long it will last. Uptrend seems strong but already on its way.
Minimized my losses by some 8 ES points. I wouldaaa covered all losses but hesitant to hold multiple contracts...anyway this kind of trading impulse trading is done for me...
After trading like a fool for last two day's even-though I am right in my prediction still lost so I plan to take trades
at different pre-defined levels only and no impulse trading and only three trades per day.
Driving Force - NQ to the down, OIL and Russel to the up (Look for weakness in these two)
Day prediction - Going to be trend down day, wait for confirmation on $VOLSPD and SELL bounces at KEY levels ONLY
After trading like a fool for last two day's even-though I am right in my prediction still lost so I plan to take trades
at different pre-defined levels only and no impulse trading and only three trades per day.
Driving Force - NQ to the down, OIL and Russel to the up (Look for weakness in these two)
Day prediction - Going to be trend down day, wait for confirmation on $VOLSPD so SELL bounces at KEY levels ONLY
