What a lousy day. Did the wrong thing in the wrong trades.
In the morning, MTM was down to -2.78%
1. took multiple whipsaw trades
2. did not book good profits
3. took couple of adds - both of which increased my losses
In the afternoon, i thought I had learned from my lessons
1. Started partial booking as soon as i saw strong moves
2. What could have been a +5% MTM profit, gave me only about +2%
If i only look at this day, i will learn a lot... for eg, sit tight VWAP assisted late move
But after all these lessons, i am too confused about what to do tomorrow. Partial booking or hold tight? The syllabus is just too huge.
In the morning, MTM was down to -2.78%
1. took multiple whipsaw trades
2. did not book good profits
3. took couple of adds - both of which increased my losses
In the afternoon, i thought I had learned from my lessons
1. Started partial booking as soon as i saw strong moves
2. What could have been a +5% MTM profit, gave me only about +2%
If i only look at this day, i will learn a lot... for eg, sit tight VWAP assisted late move
But after all these lessons, i am too confused about what to do tomorrow. Partial booking or hold tight? The syllabus is just too huge.