1 trade today
Bought BRCM at day's high and exited with 32 cents loss.
-$56.75
The momentum seemed strong and NQ was having continuous up ticks. The market order filled me with 10 cents higher than the price i expected and I hesitated to set the stop loss as I planned. In no moment the price turned against me I wished to exit the trade with a smaller loss but staying longer in the trade I loss more.
Even I set my rules and read it before sleep and before sitting in front of computer I still made the same mistake.
So far most of my profit came from a more trendy price move in the late afternoon. And all my major mistakes were made in the early morning session. I think I'm still not sharp enough to face the fast movement in the morning yet.
I hear the market is laughing at me. There is no other attitude should exist except for be humble and listen to the market. It likes to do whatever it wants to. There is a long way to go toughen my mind and sharpen my execution.
I will go back to read Harvey's book again thoroughly.
I haven't reached my $200 weekly max loss yet. But I don't feel alright to keep trading. Seems some other traders are experiencing a loss too probably I should stay hands off for a while.
More reading and observation.
Bought BRCM at day's high and exited with 32 cents loss.
-$56.75
The momentum seemed strong and NQ was having continuous up ticks. The market order filled me with 10 cents higher than the price i expected and I hesitated to set the stop loss as I planned. In no moment the price turned against me I wished to exit the trade with a smaller loss but staying longer in the trade I loss more.
Even I set my rules and read it before sleep and before sitting in front of computer I still made the same mistake.
So far most of my profit came from a more trendy price move in the late afternoon. And all my major mistakes were made in the early morning session. I think I'm still not sharp enough to face the fast movement in the morning yet.
I hear the market is laughing at me. There is no other attitude should exist except for be humble and listen to the market. It likes to do whatever it wants to. There is a long way to go toughen my mind and sharpen my execution.
I will go back to read Harvey's book again thoroughly.
I haven't reached my $200 weekly max loss yet. But I don't feel alright to keep trading. Seems some other traders are experiencing a loss too probably I should stay hands off for a while.
More reading and observation.