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Gamera

Testing Times.

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Prep and actions for the 26th, :angry: Sometimes I blow my own mind, I picked the trades, I just cant manage my way out of a wet paper bag. Trade 1 stop out was per the rules, trade 2 hesitation seemed like chop = exit, there was no way I was touching the trade 6 minutes after trade 2 exit, and I shake my head at trade 3.

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Prep and actions for the 8th, no real trading reason to exit trades like a do, just used to seeing trades turn after a few points of MFE so try to lock in any upside I can.

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Prep and actions for the 9th, whilst it was a profitable day there were a couple problems that really showed up why I am where I am. These are just two problems of a very long list.

 

1. Cutting trades short, I've seen so many trades turn after being +3 to +5 points that I have come to expect it and I look for any excuse to exit thus restricting my upside, I've even recently considered having an auto exit and forgetting about anything more than that.

 

2. I struggle to keep taking the opportunities as I see them when I am positive as I don't want to risk any profit I have. Whilst today was a better day than most, it was a day that offered far more than what I took from it.

 

I was not open to taking any more trades after trade 2 but continued watching anyway and was reasonably accurate on my observations, doesn't do much good if I sit on my hands when the opportunity arrives, I'm still the first mouse but these are things I can improve on.

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Prep and actions for the 15th. A frustrating learning opportunity, despite the volume climax I was reluctant to take trade 1 as it seemed like a ret for another leg lower, I decided to track a short should it do that, which it did. The exit of 2 was motivated by not wanting to take too much kickback on a profitable trade, when PA failed to make much headway on the new low I bailed.

 

Trade 3 though.... A late entry always leads to me feeling the heat, with price pushing on the MP of an earlier range (prep) and the PA showing signs of a climax and rejection of the low I was looking at a larger up move from this level. The large drops to this point had me wondering if there was more to come, staring at the 10s I saw the DT and price start to drop on increased volume, I scratched the trade.

 

With bigger things in mind I got caught out by my small time thinking, its not all negative, I took the trades in the first place which is a small positive.

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Prep and actions for the 21st: Prior to the exit of trade 1 I saw that the continuations were getting weaker on the 10s chart, my overthinking about this influenced my haste to exit trade 1. Things looked a little choppy after trade 3 so shut down.

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Prep and actions for 28th, with the 2nd short and the long being scratched as PA was not behaving as I would expect, trade 4 should not have been taken. I was not paying as much attention as I should have been at the DT and as price rallied off the low I was overly suspicious of the ret as the volume was initially really high so passed on the long.

It seems as if price only "goes" when I am asleep at the wheel.

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Edited by Gamera

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Not trades for the 29th, internet went down in the lead up to the open for 40 minutes, a mixture of being slightly tilted by that and trying to figure out what was going on meant I sat out. In hindsight I think there was a warning with price struggling on the weekly, daily and hourly time frames, how I would have done if I was able to trade is a case of shoulda, woulda, coulda.

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Prep and actions for the 30th. Tried to hold a trade to a reasonable conclusion rather than just exiting cause I had me some points, the result of this stung a little and reinforced that need to bail out on trades at the first sign of trouble, which is frustratingly limiting. After trade 2 I sat out as the PA seemed to be whipsawing more than my tolerance.

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Prep and actions for the 4th. Some good some bad, The first trade being a winner took some of the heat off the trades that followed, got a little chewed up trying to catch knives, sat out for a stretch as the oscillations were getting a little much. Got involved again in the afternoon as PA reached towards the MP of the Hi-Lo (a failure here could mean further weakness even new lows) but PA futzed around and my patience was wearing thin by that point.

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Edited by Gamera

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