This was gambling. This is a reminder of what i absolutely cannot do anymore. One bad day like this in a live account and im likely to blow up
I need good entries with proper stop-loss levels at all times If it wasn't for these stupid trades i would have had a nice up day. which brings me to my next point.
I need to be a professional at all times and make sure that i am not gambling.. I need to be infinitely more patient in waiting for the optimal trade. From Today on i will implement the 2 or 3 trade loosing trades in a day rule. I will also make myself more patient in waiting for stocks to set rangers and provide me with relatively reliable areas of supply and demand.
I will then trade based on these historical areas of supply and demand. Setting my risk-reward levels based on said areas and sizing in and out accordingly.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-03-21 09:35:47 | BIIB | buy | $234.700 | long |
2019-03-21 09:39:09 | BIIB | sell | $232.530 | 0 |
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