-$192 Loss
SLSLong Stock
GeneMorris

Entry comments: I have two serious trading issues. I'm breaking my 'first 15 minutes rule' trying to predict the bottoms of gap and crap reversals. So I enter when stocks continue to fall. And I'm not cutting losses fast enough. It's because I hit my stop literally 1 or 2 minutes after I enter. very poor entries. So mentally, I feel like I just showed up to the party while everyone is running for the door. I'm not being picky enough with my setups.

Exit comments: Finally got out of this trade with a very bad 23% loss. Next week I'll begin using a new framework/system so I can be more consistent with my trades. The goal is to remove as many trading variables as possible and nurture consistency. Plus, New trading worksheet/checklist, a better journal. The 6:45 rule (west coast). No trades before 6:45. Too many fake bottoms before 6:45 to be dip buying right now.

000

Newsletters:TimChallenge
Broker:ETrade
DatePrice
Entry7/31/20190.235
Exit8/2/20190.18
  • Total Views129
  • Position Size3,500
  • Percentage-23.4%
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