Well I'm glad it has only been -87$ down day, instead of what happened to me Friday which was losing 154$ (54$ more than my rules say).
I started the day with a loser(1R), then a winner (1.5R), and from then it got messy, I kept trying to bet where the bottom will be, and go long, instead of just going with the flow, and short the market, I'm not sure how many times can I read the basic rule "The trend is your friend" and still not follow it, unpredictably enough the only good trades I made were on the short side..
In days like this, what I should do it stop try to fight the trend, wait something like 40 to 60 minutes recap myself, and begin the hunt for a good trade, today I was focused too much on the same false breakout, trying to win it all over again, and it didn't break the upper trend line of the downtrend.
Overall I wasn't in sync with the markets today (forcing long trades in downtrend), and I hope to do better tomorrow.
P.S - Tweety animation is coming along great, I'll post the result in the next few days.
Wednesday, November 21, 2007
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1 comment:
Well written article.
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