Yes, it was the post-inventory breakout at 10:31am ET. I bought 1 tick above the HOD (85.05) and was filled @ 85.20. I was immediately confused and placed a sell stop above my entry price, out 6 seconds later @ 85.23. I realized quickly the volatility was bit much for this old lady and decided to take no chances with getting slipped on a violent retrace.
CL Redux
- Thread starter schizo
- Start date
Yes, it was the post-inventory breakout at 10:31am ET. I bought 1 tick above the HOD (85.05) and was filled @ 85.20. I was immediately confused and placed a sell stop above my entry price, out 6 seconds later @ 85.23. I realized quickly the volatility was bit much for this old lady and decided to take no chances with getting slipped on a violent retrace.
SIM
so far has been a bad day for me
net -$530
trades = 8
was moving in-out from my desk, missed few good setups and did lots of mistakes, all in all not a single good trade for me so far.
I thought I was progressing until today... eye opener, need more practice.
so far has been a bad day for me
net -$530
trades = 8
was moving in-out from my desk, missed few good setups and did lots of mistakes, all in all not a single good trade for me so far.
I thought I was progressing until today... eye opener, need more practice.
I think missing a good setup is a major cause of mistakes (over trading, revenge trading, impatience waiting for the next real setup).
I saw a quote yesterday that reminded me of trading, of when you hesitate and miss a really good move and can't stop dwelling on it, and keep trying to "get back" what you missed:
When one door of happiness closes, another opens; but often we look so long at the closed door that we do not see the one which has been opened for us.
- Helen Keller
After being down close to $ 500 real money, I clawed my way back to plus $ 100 real money on all account. Playing after Fed dec was insane and probably not something I will do again. I think better to wait for market to settle a little 1st.