Analysis: 7130 POC Clear direction upwards to 7150 bullish, bellow 7010 bearish. Dont expect much volume today because of yesterdays public holiday (Independence day) Reasons for entering: Candle closed over 8EMA. Crossover of 8 and 5, price broke round number, clear direction upwards. Reasons of exiting: Price found resistance. Corrcection: Should have get out earlier, no volume in the market today. Overall 1:1 r:r
Great entries after hours as hit daily and weekly lows but screwed with stops too tight on these. No real damage done but a big missed opp!
Got long way too early. Did have a profit on Friday and then Monday but held into crash. Other orders triggered, stop on original set far to wide. Need to take a lesson from this one as this could have been a lot lot smaller. Will revisit the long once indicator says so this time.
Trade: Short - this is what I should have done first time around. Problem was here that I still took off to early. Letting some run it could have been a $5k-8k trade. Need to block out negative noise!
Wowsers - got short the FTSE as it then burst through 7000. Added and it kept going. This was me reducing size over 2 days. I did call the top luckily at 7060 but at the time had margin issues. Didn't have tight enough risk mgmt to start and then badly executed the reductions. Need to sometime have more faith and less panic.
Order pre market and stopped out. Shame as came right back down - but thats trading!
FTSE trade left from a week ago. Defo should have let this run - could have been a lot lot lot higher - like $5k! Need to think about only taking half off and letting runners run!
Trade: Stopped out after FTSE shot through 7000! stops were too wide on this.
Option swing. Long Put bought in Feb. Decided when market pulled back to exit for a smaller loss than was previously. Market pullback further so probably could have taken no loss. Bad execution on this one.
Trade: Took a long position in FTSE previous week. When market pullback more decided to take some off to reduce risk. Still have an open position.
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