I'd like to become a better trader

  • Thread starter Thread starter PO
  • Start date Start date
P&L -1.4 points

first 2 shorts were stopped out. They were false breakouts. I should have waited for a close below YC. We had too much support there - YC, AH low. It was defended a few times already, so we needed a close below that for any weakness to materialize.

3. long on 2 failed breakdowns and outside bar. stopped out at b/e

4. reversed short. then closed it because I ran out of patience, that was a mistake, I should let my trades work.

5. Re-shorted it, stopped out and reversed long.

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P&L -6.5 points

my first 2 trades were impulsive trades because I was yet again afraid to miss a trade. I need to get over this.

and then I was doubting my long set up and kept closing and reopening it.

Need to practice more.

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P&L +3.9 points

I must keep part of my contracts till they reach target and not close prematurely because of fear.

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P&L +2.9 points

Got chopped up again today. Need to better define my rules over the weekend.

and no new trades from 12 to 2 pm, unless the set up is spectacular.

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P&L 0 points

3 times today I closed my trades prematurely before the target got reached :( Correct on the direction, but lacking conviction.
I need to look into it.

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P&L -1.8 points

confuse pullback with reversal. Need to look into that.
got stopped out of the last short by one tick.

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P&L +0.9 points

I confuse pullback with trend reversal and closed my long since this morning, which again reached all my initial targets.

I close my trades before targets, again.

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