Knew immediately it was about to reverse on me so i cut my losses
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-12-09 14:35:10 | STLD | sell | $36.960 | short |
2016-12-09 14:37:07 | STLD | buy | $37.020 | 0 |
Chasing a short, no set up, I was down and trading my P&L. I need to be more conscious of that in the future and not trade at all when a set up doesn't present itself because it has become a bad habit.
I feel like you made a lot of trades on a Friday afternoon. Chances are you are not going to get the results you want.
Absolutely! I'm an over trader and I have to start next week by only trading 1-2 times a day but only if my set up presents itself. My discipline has been horrible. I really appreciate the feedback i need it.
what you should do before each trade is put a snapshot of the trade and the setup in the chatroom it will slow you down. and if the number of trades that u make don't match ur IBOSS i can shut ur account the next day!
its extreme but it could work. Or some other level of accountability! u know what to do u just need to stop some of these trades.. i
it doesn't seem like much but losing 5-10 bucks here and there over time ends up being ur whole account
That's actually a great idea! I need to slow down & trade less anyway so I'll start posting a snapshot
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What was the play here?