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It Begins!!!


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It Begins!!!

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  #51 (permalink)
jmp470
San Antonio, TX
 
 
Posts: 90 since May 2019
Thanks: 42 given, 52 received

UPDATE 5.17.22


I was sitting on my hands waiting for the FED. I ended up taking another trade.

What I did well:
1. I really like my entry point.
2. I actually waited for the second pullback, versus front running the first pullback!

what I did not do well:
1. sold at the 21 EMA, should have held much longer.

this is only 1 contract.










5.17.2022

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  #52 (permalink)
jmp470
San Antonio, TX
 
 
Posts: 90 since May 2019
Thanks: 42 given, 52 received

And today, I blew up my account...

I went to bed thinking the market needs to correct back down to the bottom.


How I blew up my account;

1. I was thinking short, but hit the buy one 1 contract button. I think thought to myself, why take a small loss, when I can average down :-)

2. I averaged in to like 65 contracts in MES..... LOL

3. I threw in the towel, and took the loss.


So from $5k to $1k.



What did I learn:

1. I don't have the discipline to trade.
2. I understand the concepts, but don't really apply them well.
3. I love the thought of trading. but the actual process of trading is not what I like.


What I was hoping for with trading:
1. I wanted to use trading as a way to make some extra cash to put into another business. aka grow my wealth quicker.


I lasted about 1 week, with futures.....

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