Wow, long time away from trading. Made a couple of terrible trades last week which thankfully ended up breaking even.
I wrote down my strategy on notepad and always have it open now so that I stick to my strategy and don't deviate (and hate myself later).
I've looked into trading breakouts, which seems promising. I paper traded it for a week last week (which I guess is no where near enough time), and today was the first day traded this strategy to the T for the first time (ok, not to the T, I closed out manually instead of setting a trailing stop).
12 calls, scaled in 4 at a time, for a net profit of $500 and some change.
Attached is the chart with my notations. I have no idea why I keep stochastic up, I don't use it at all.
Do you guys have any suggestions based on this chart/above information?
Any comments/suggestions?
I wrote down my strategy on notepad and always have it open now so that I stick to my strategy and don't deviate (and hate myself later).
I've looked into trading breakouts, which seems promising. I paper traded it for a week last week (which I guess is no where near enough time), and today was the first day traded this strategy to the T for the first time (ok, not to the T, I closed out manually instead of setting a trailing stop).
12 calls, scaled in 4 at a time, for a net profit of $500 and some change.
Attached is the chart with my notations. I have no idea why I keep stochastic up, I don't use it at all.
Do you guys have any suggestions based on this chart/above information?
Any comments/suggestions?