The price action facebook journal
- Thread starter amitman
- Start date
I guess you're right and a chart might be in place
I'm ashamed because I think that I made at least 4 "never-do-this-if-you-want-to-be-a-good-trader" mistakes.
Trade 1 - small winner, Great setup and a very early exit for no reason (mistake #1)
Trade 2 - Enter by mistake and didn't got out immdieatly bbecause i thought the trade can still go my way (grave mistake #2)
Trade 3 - Actually a good trade.
Trade 4 - Bad setup inside a trading range with no real movement (mistake #3), and then moved my stop (what the f%^&k?? mistake #4)
Trade 5 - not a bad trade at all
After you'll laugh on me for a while (i surly deserve it) I'd be happy to hear any advices of what helps you to not do these kind of mistakes.
Morning (trades 1,2 and 3)
Afternoon (trades 4&5)
I'm ashamed because I think that I made at least 4 "never-do-this-if-you-want-to-be-a-good-trader" mistakes.
Trade 1 - small winner, Great setup and a very early exit for no reason (mistake #1)
Trade 2 - Enter by mistake and didn't got out immdieatly bbecause i thought the trade can still go my way (grave mistake #2)
Trade 3 - Actually a good trade.
Trade 4 - Bad setup inside a trading range with no real movement (mistake #3), and then moved my stop (what the f%^&k?? mistake #4)
Trade 5 - not a bad trade at all
After you'll laugh on me for a while (i surly deserve it) I'd be happy to hear any advices of what helps you to not do these kind of mistakes.
Morning (trades 1,2 and 3)
Afternoon (trades 4&5)
Consider a 20 minute, nevertheless, the focus on only one time frame is important. great work!
potential trade setup on the 20 min, with 7x risk
Stop at 59
Entry 58.35
Target 53.63
Trail stops at two swing highs back.
1st stop is break even
either target or stop will get hit.
Stop at 59
Entry 58.35
Target 53.63
Trail stops at two swing highs back.
1st stop is break even
either target or stop will get hit.
First off AM
Any further demeaning/ defacing/ derogatory bullshit comments about a losing trade(s) â Iâm out of this thread
Serves no purpose
Neither will it serve a purpose for me to tell you what you woulda / coulda/ shoulda
I can hindsight both trades till the cows come home â and so can every other dumbass
But to what end - NONE
========================
So
In detail for each (iow step by step) - Please outline what you were thinking/ seeing when you entered each (trade 2 & 4)
More importantly, what was it that kept you in each for an extended period
===================
You fuck up - perfectly fine to admit that - but then it time to move on - figure out why - then fix it
RN
RN, if I'll ever be a real trader, it will be a lot thanks to you and you ungiving seriouseness.
Trade 2 - Thought I have an entry signal (1 tick above a reversal bar) at .16, entred and filled at .14. about 10 second later I realized the trade was by mistake, but as i saw that prive is stalling near the .06 area, I didn't exit and though that if price goes above .11 I'll call it a valid trade (which did happen), i set a stop at .04 and got filled at .02 .
Trade 4 - I saw the range forming between .95 and .72 for almost 2 hours, though to try and enter before the range break and get a break, and also was really anxious to make a trade. Problem was that I entred in this specific candel after the support was already holding, which wasn't good, I did enter anyway, thinking it might still go down. Set the stop to .85, but then removed it, hoping that price might still come my way (and genrally didn't want to lose this trade...), I moved my stop twice when the second time was to the top part of the rance (.96), you know what happned next...