Trades today 5 /10/217
1) Last night I opened my computer and felt we had a top - market was testing high following a relentless bear channel. I shorted but wanted a quick move, since it was late I tightened my stop as the market was at it strongest and started to pull back down, the marked poked back up and i got stopped out. Turned out to be the high
2) Initiated a long near the bottom of a trading range, the bear spike i bought was a MM from the trading range up top (small one, 2x risk) and earlier bull strength made me comfortable buying here (I was ready to exit in case market went lower)
Had to take a call and do a few errands so I stopped trading
3) I'm trying to get better at stop entries, placed a sell stop below a big bear bar (1:35 pm est), was expecting the bear BO following the trapped bulls and all the tight trading range behavior - one side was bound to get caught on the wrong side. Scalped it out
I was worried about continued bear since the trend is strong and we are near some support so a strong bear BO would break through so I was a little hesitant with trades, in retrospect should have bought around 30 mins after my 3 trade (sell stop short), considered buying with a stop above the first big bull bar at 2:30 pm EST but didn't feel comfortable so close to the 5 min EMA