after i done with GRRF. my gain affected me. i did not take a rest, let my mind clear. I started to shift my focus on crude oil, a mistake here is: afte this trade, I become bullish subconciously, so later three trades of four are LONG, while not short sale.
At that time it dropped to 69.11, I saw it was bouncing, I bought it there, then stopped out at 68.95, reversed my position at 68.97 (shorted it), covered it at 68.7, the drop exceeded normal daily drop range, so I covered it there. The mistake here is I just recouped my loss plus a little gain. Then my another rule kicked in"when the market drop a lot, I should not go short blindly, so I did not think about short sale from there". After it dropped to 67.6, bounced to 67.8, bought it again, stopped out at 67.6, it continued to drop to 67.37, I waited the reversal, I bought it at 67.8 again in the bounce, sold it at 68.02 Then I sat there think to do another trade. My mind popped up a warning: you already did 5 trades, do you want to break your own rule. So I painfully shut down my computer. made almost nothing from crude oil, while oil dropped a lot and trended very well!
At that time it dropped to 69.11, I saw it was bouncing, I bought it there, then stopped out at 68.95, reversed my position at 68.97 (shorted it), covered it at 68.7, the drop exceeded normal daily drop range, so I covered it there. The mistake here is I just recouped my loss plus a little gain. Then my another rule kicked in"when the market drop a lot, I should not go short blindly, so I did not think about short sale from there". After it dropped to 67.6, bounced to 67.8, bought it again, stopped out at 67.6, it continued to drop to 67.37, I waited the reversal, I bought it at 67.8 again in the bounce, sold it at 68.02 Then I sat there think to do another trade. My mind popped up a warning: you already did 5 trades, do you want to break your own rule. So I painfully shut down my computer. made almost nothing from crude oil, while oil dropped a lot and trended very well!