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Phoenix, AZ/USA
Posts: 26 since Aug 2016
Thanks Given: 197
Thanks Received: 31
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Let's see I tried 2 trades early on today and neither of them followed thru and I ended up closing each out for about $30. Not worth the picture tonight. However, this evening I decided to trade and I missed the open but did manage to get into a trade. However, it was a real battle! Based on the open being so strong I thought the market would keep moving for a deeper retracement. I put in 3 orders because I wasn't real sure how price action might move. I wanted to put the first order where the 2nd one was at but was afraid that I might miss out on the trade altogether as I was reading a 2nd attempt short failure. Unfortunately, price dropped like a ton of bricks falling but in slow motion. Now, I had a real strong bear micro and hoping for a 1st attempt long before the 3rd order was filled. I got my first attempt long and tried to get +5 with the 2 contracts. Price went' +4 and never made +5. So I moved my target to +4 and it only went +3. I was too stubborn to exit the 2 contracts for a smaller gain or small loss. So I elected to watch the next few bars which for this time of day takes forever. Little did I know it would be around 6 hours. I finally closed out the position at +3 ticks just so I could go to bed. Now, I have a better idea why my dad is not a big fan of trading this time of day and taking trades against the major trend.
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