Learning/Remark:
This is worst performance. Overall I'm in loss for this month.
Trying to analyze what went wrong:
My first mistake seems to be "timing". I have predicted too early for reversal. I failed on "timing". I must wait little longer for confirmation of trend and enter into trade.
My second mistake during trading hour is assumption that "this is last bus, let's catch it and at whatever cost". This puts me in wrong trade. I have done this mistake today.
My third mistake seems my patience level when my trade is going in other direction. I'm little more patience if market is going against me. I must learn to EXIT immediately and if required re-enter later on. This seems to be bigger challenge to overcome.
Need to keep track of these and earlier mistakes and hope not to repeat this future.
This is worst performance. Overall I'm in loss for this month.
Trying to analyze what went wrong:
My first mistake seems to be "timing". I have predicted too early for reversal. I failed on "timing". I must wait little longer for confirmation of trend and enter into trade.
My second mistake during trading hour is assumption that "this is last bus, let's catch it and at whatever cost". This puts me in wrong trade. I have done this mistake today.
My third mistake seems my patience level when my trade is going in other direction. I'm little more patience if market is going against me. I must learn to EXIT immediately and if required re-enter later on. This seems to be bigger challenge to overcome.
Need to keep track of these and earlier mistakes and hope not to repeat this future.