1.5$ against me. Today I was in the clouds. Even if I have told me what to do and how to behave I AM EXHAUSTED!! I need some days of holiday far away from the PC.
I have got the concentration only after during the day and I can clearly notice it reading the performance data from today.
I will use only 3 and 5 min candle stick. I do but my broker shows the minute one so I get affected by that. While following VWAP cross down and cross up on the 5 minutes, the fade or surge below or above the ema 13 on the 3 minutes combined with a view on speed lines using 24sec chart gives me GREAT RESULTS!! I have improved my entries, I have removed the bad practice of adding at this point I have now to improve how to menage my trades. Once I reach a P/L ratio of 1:1 I close half position and set my stop loss to break even. This let me miss too many trades due to bad entries. I will keep respecting the entry rules I have and I have understood that trades from 9:45 to 10 they finish red 90% of the times. Should I consider to trade just avoiding this time frame?
BTW same mistakes I did on JNJ. This would have been another great trade. Today SPY FINALLY dropped and I haven't been able to spot a real good trade within all the ....... stocks they have dropped.
01/16/2019
If I only could go back and trade NOW that day.
I will try to apply it next coming days ;)
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-12-17 12:34:38 | GS | sell | $170.490 | short |
2018-12-17 12:36:35 | GS | buy | $170.230 | short |
2018-12-17 12:38:47 | GS | buy | $170.330 | 0 |
2018-12-17 12:58:57 | GS | sell | $169.430 | short |
2018-12-17 12:58:59 | GS | sell | $169.430 | short |
2018-12-17 13:01:47 | GS | buy | $169.120 | short |
2018-12-17 13:03:28 | GS | buy | $169.460 | 0 |
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