I canât believe I had a negative day today. Today could be one of the best days for meâ¦
I made a few good entries and I hold position longer than before. But probably I am too greedy and I hold position too long. Great trades turned to negative or b/e trades.
After a very good long trade turned to be a scratched trade. I got frustrated and went a bit all over the place. Even though by looking at all the signals I convinced myself today is a overall bullish day, still, I entered the short trades because I thought the trend is reversing (on 5 min chart.)
TRADE A, Entered as pullback trades, Trin and Tick shows bullish. Then I did measured move, wave count, Fib etc. I came up with the target area to take profits-10340, When price reached that level. I got over excited then choose to hold longer. I set my new target to 10355 areas and move my stop to be 5 points profit, then I left my desk for 2 hours. After I came back, my stop was hit.
$190 profit turned to $20 profitâ¦
Then, I went back in, but my stop was hit on a loss. When I saw the stop was hit again. I then thought the trend is reversing. So I went short, bet against the prevailing trend. Stopped again⦠I took a moment look at the chart. I decide to go with the trend, go long. Sadly, the long trade, $105 profits turned to $10 profitâ¦
Then I went back in againâ¦.
Trade B and Trade C are both scratch trade. Trade C did hit my target level 10355 zone, but I still, too greedy, though it could break out moreâ¦.
The great thing is somehow, I felt less anxious when I entered the position. I can hold position longer. I felt calmer. But I do get frustrated when profit turned to nothingâ¦
No great profitable trade to offset all the losses. So todayâs PnLâ¦.
PnL: -$119, 10 Trades, 50% winrate.
You are wonderful! Best trading tomorrow for you too!
