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I tried to get cute, fade the trend. I never do this but I did today and remembered why its not advisable. It costs money!
Got back to BE then shorted again without the recquisite LH/LL combination and again paid for it. Finally got the required combo and recovered the loss plus made enough to pay for the day.
However, had I taken the first long signal which resulted in my first stop out instead of the short, my day would have ended much sooner and with more profit.
Not happy with the failure to recognize what was happening.
Simplicity is the ultimate sophistication, Leonardo da Vinci
Most people chose unhappiness over uncertainty, Tim Ferris
One and done today. Woke up late, have to leave early....so it worked out. Of course it ran up to past my "normal" larger targets but since I have to run now, I suppose thats ok as well.
cheers.....
Simplicity is the ultimate sophistication, Leonardo da Vinci
Most people chose unhappiness over uncertainty, Tim Ferris
I would like to thank those who trade without indicators for providing liquidity, although my conscience is bothering me.
I will get over it.
"If we don't loosen up some money, this sucker is going down." -GW Bush, 2008
“Lack of proof that something is true does not prove that it is not true - when you want to believe.” -Humpty Dumpty, 2014
“The greatest shortcoming of the human race is our inability to understand the exponential function.” Prof. Albert Bartlett
Mistakes made early carried into the rest of the day. Instead of being one and done with 50+ticks, it took several cautious attempts to make back the mistakes and it took all my allotted time. Not how I want my trading day to go.
Lesson learned today, look at the previous day along with the current one to determine trend lines....just in case. I'm a short term term trader so multiple days aren't necessarily important every day, but looking just to the left of the chart would have saved me a lot of money today.
Cheers
Simplicity is the ultimate sophistication, Leonardo da Vinci
Most people chose unhappiness over uncertainty, Tim Ferris
Very near exhaustion today. Very late night last night, wife not sleeping which caused me to have a very restless night....nothing good comes from this:
Start over next week after I try to recover some of the sleep deprivation.
Simplicity is the ultimate sophistication, Leonardo da Vinci
Most people chose unhappiness over uncertainty, Tim Ferris
