Summary: Trade 1 was correct
Trade 2 Was high risk high return but was correct, could have delayed entry by 1 more candle
Trade 3 and Trade 4 were incorrect trades and should have been avoided. The PA was sideways.
Learning: Learn from previous mistakes avoid urge to trade. trade only when PA is crystal clear.
Prev Learning's Compiled
Learning:
Trade 3 was rushed. Since it was taken soon after T2 When T2 failed I should wait and see what price is doing at that level.
Learning:
I see some error in not booking profit at 1:2. Would look to modify rule to do some partial exit at 1:2, rest can be done at TSL.
Learning for next trade: be quick to move SL to WRB Low. I could have saved a few points today.
*****(Bad Trade Management)**
Learn from previous mistakes avoid urge to trade. trade only when PA is crystal clear
Conclusion: I am rushing into trades when PA is not clear. Causing me to burn my capital.
From tomorrow I will wait for PA to be crystal clear or I will LIMIT my trades to max 2 per day as a penalty for Trading incorrectly. I need to improve on this grey area very soon.
Trade 2 Was high risk high return but was correct, could have delayed entry by 1 more candle
Trade 3 and Trade 4 were incorrect trades and should have been avoided. The PA was sideways.
Learning: Learn from previous mistakes avoid urge to trade. trade only when PA is crystal clear.
Prev Learning's Compiled
Learning:
Trade 3 was rushed. Since it was taken soon after T2 When T2 failed I should wait and see what price is doing at that level.
Learning:
I see some error in not booking profit at 1:2. Would look to modify rule to do some partial exit at 1:2, rest can be done at TSL.
Learning for next trade: be quick to move SL to WRB Low. I could have saved a few points today.
*****(Bad Trade Management)**
Learn from previous mistakes avoid urge to trade. trade only when PA is crystal clear
Conclusion: I am rushing into trades when PA is not clear. Causing me to burn my capital.
From tomorrow I will wait for PA to be crystal clear or I will LIMIT my trades to max 2 per day as a penalty for Trading incorrectly. I need to improve on this grey area very soon.
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