Late-afternoon rally fizzles to close near opening range ... a sell sign for me
Count me in short one ZBH4 at 110-08 with a stop just above today's high.
Trading with a prop firm is a good idea, because they would handle all of the equiptment, software, connections etc; and you could still be drawing an unemployment check.
Both 30yr and 10yr bonds are approaching overhead resistance.
Ah what to do, what to do?
I think I'll sell a couple; while looking for a slight pullback or at least some sideways action.
A draw is not bad if you already have a trading strategy that works; especially if you know that once you begin trading at the prop shop the money will begin to come in.
The best way to get out of the trap of "revenge trading" is to take a couple of days off.
No trading is also a form of risk management.
Just my 2 cent.
Five (5) losing trades in a day and or three (3) losing trades in a row will shut me down for the day with a day off the next day. Each trade represents a maximum of a 1% risk.