Today was a Bad Day.......was it a bad day in terms of monetary loss....not at all.It was a bad day because:
a.Did not follow the original plan and missed an entry earlier on in the day(Thanx to something that cropped up at 10am)....
b.Entry long was great....stop loss was great....Did I position size accordingly?Yes.Did I obey my stops?Yes.....
----TRADE 1:Stop loss triggerred,loss of 13.8k....good trade as plan adhered to.
----TRADE 2:Good entry,all adhered to.....But took stops and exited at 4010.Exit plan of stops or profits not adhered to.....BAD Trade,although made a profit of 1.5k
-----TRADE 3:Tried to correct TRADE 2.....good entry,yet again,covered at 4014....Yet again,plan not adhered to....BAD TRADE...loss of -1.2k.
------TRADE 4:Went long ??????Nothing in the Plan to have gone long there......Yet another BAD TRADE.......gain of 4.6k.
------TRADE 5:Correcting all the nonsense,good reentry back in shorts and made some gains back....GOOD TRADE...gain of +7.6k
Saint
ps:I am going to share my good days and my bad days..........I had said once that you are not to follow what I am doing for now......and as for posting,things moved too fast.Sometimes you can learn more from my foolhardiness than my advice.....today is an example of the above.
Tomorrow is a new day though!