Missed an easy trade last night at 9PM. Tried to get cute with entry and try to shave 2-3 ticks, but price fell 2 pts in a hurry. And so tomorrow begins early.
4PM
Finished the day in the red again on 2 for 5 trading. If it weren't for 2 questionable trades I would've finished the day with a marginal profit. First mistake was a long pullback taken about 10 minutes before the opening bell, not only was it an ugly setup the trade was opened way too close to the open. Lost $263 as I got stopped out right before the market reversed and headed higher.
Fast forward to 3PM. Got trigger happy after missing the only decent trade of the day because the entry didn't quite fit into my new filter params. So what did I do? You guessed it I took the next trade that was very similar, but again didn't pass my filter test, and sure enough this one was a loss. Fortunately I had a valid entry about 10 minutes later which erased this loss.
So take these 2 bad entries out and I finish up on the day maybe $50 or so. Not great but at least a profit nonetheless. And honestly there were so few opps today, I'm not sure the old me would've returned a profit today either.
Tomorrow I need to put it all together. Focus from market open to close. Concentrate on nailing a few good setups, no marginal trades.
The Weak Tendency Before President's Day
5 days ago
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