I started the day confident, with a short bias. I could not enter JAGX short although I wanted to. Perhaps some shares will become available today.
My CJES and CERI trades looked to be good trades although they didn't turn out that way (still in CERI). I should watch my active trades more carefully to avoid giving back profits. Somewhere there needs to be a balance between taking profits early and having my losers be bigger than my winners. If I keep working, I will find it.
I cannot let my previous trades scare me away from a good setup. I believe these were good trades with good setups. I just need to learn as much as I can from them so that I continue to improve.
The good: Good spots to place a stop, profit target was reasonable.
The bad: I am not watching the overall market which can influence prices.
I need to watch price action carefully. Although in these trades I don't think I would have bailed early. I was (over?) confident in the setup. Who says I can't re-enter?
I need to think about the actual price. Even numbers can be psychological barriers.
Join now or log in to leave a comment