Glad the stop was tight. Now at 33.2.
I believe it will turn up, perhaps from the 32-33 area.
Stocks mk1
- Thread starter JTrades
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Glad the stop was tight. Now at 33.2.
I believe it will turn up, perhaps from the 32-33 area.
This journal has helped me realize a few things.
The bad:
** On Sep 5 I moved the ARWR stop down and didn't report it here - it kept me in, but...
The bad:
- trading out of sync with eod analysis: making decisions on one tf, trading on different tf
- eod analysis is substantial but is based on incomplete understanding
- trying to keep track of too many stocks - need a much smaller watchlist each day
- missing entries, particularly in first 5 minutes
- miss understanding of important concepts - the unknown unknowns problem
- slightly too confident even after losers
- putting the hours in, but not focussed enough on the things that matter
- do not ignore the trend
- wait for more confirmation before entering in many cases
- daily routine inconsistent
- plan lacks detail
- P&L is slightly negative
- am able to keep losses small
- treading water P&L wise - slightly negative
- able to predict with significant accuracy where price is going in short term (5 minutes to a few hours)*
- have honoured most stoplosses**
- improved understanding of the market (I believe)
** On Sep 5 I moved the ARWR stop down and didn't report it here - it kept me in, but...
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Not trying to woulda.., shoulda.., coulda / hindsight BS
But would the 4hr have helped with orientation
RN
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The 4hr could well have helped, and your chart marked up like that too. I hadn't seen that large bear flag formation, only the horizontals and was betting on a break above 74. The big Monday down day should have been enough to stay clear.
Tempted to exit here, at 74.69.
In two minds.
Stop moved down to 75.5. Will let the market decide.
Breaking the low of 74.21 would keep me interested. Now at 74.39.
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