Shared by
andresadr94
02/08/2021
Good
Discpilined cutting losses: as soon as there was a break below the candle stick I closed the postion.
Not good:
- Got cought in 3 fake break outs on AMD
Why? Even though the 1 min candlestick broke above EMA, I should have waited at least until it close to have confirmation of the up-trend and take a position.
What needs to be improved
Get rid of FOMO. Even if the candle stick breaking out is large, do not take a postion before it closes. It is better to miss the opprotunity than to lose money.
Notes
- AMD has been trading with a lot of volume for the past two days. Which is making it diffucult with emotions. I've found myself closing winning trades too soon because of the volatility
- 7 gree days in a row. I should have prepared myself better for the red day.
Rule
If I'm down 1% of my portfoltio in the day. I must stop trading.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-02-08 09:53:21 | AMD | buy | $124.670 | long |
| 2022-02-08 09:55:08 | AMD | sell | $123.700 | 0 |
| 2022-02-08 09:57:13 | AMD | buy | $124.250 | long |
| 2022-02-08 09:58:03 | AMD | sell | $123.940 | 0 |
| 2022-02-08 10:24:11 | AMD | buy | $124.220 | long |
| 2022-02-08 10:26:49 | AMD | sell | $123.610 | 0 |
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