Today's trading was much better than yesterday's, but still lots of work to do. My results were much better until about 3PM. After back to back losses on two countertrend setups I watched my gains go from about $1200 all the way down to $500. Hate ending the day that way. One of these setups was ok, the other was mediocre.
Still missed lots of trades as my attention was directed elsewhere. As for positives, I'm definitely feeling lucky I didn't get caught in the short squeeze around 10:30AM. Thankfully for me I had just closed out my shorts a few mins earlier. Only real negative had to do with my position sizing on a trade I took off the 3 min chart. Clearly I should've traded this with half size as the amount of risk was much greater than I was wanting to assume. Had to take a bit of a drawdown on this trade, but ultimately it worked out nicely profitable.
AM Notes:
Well I got a good night's rest last night so it'll be interesting to see how today's trading shakes out. Already off to a sour start. Took a long pullback around 7:40AM that easily hit my first profit target and briefly touched my second before falling and stopping me out. How many times can this happen to a person? So rather than starting off the day with a nice gain, I'm in the hole $100. It's easy to sense my frustration, so I'll need to be aware of this prior to executing my next trade. No revenge trading needed!
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