Made a solid entry on $LIVE at 1.54 average 2000 bought at 1.55 which I didn't sell as I want the squeeze over 1.85 to add to my trade for the $2 test. it dropped back and I doubled at 1.53 selling this half at 1.62 thinking get a bit of a scalp which I said in chat and I can let the trade run then it dropped to 1.47 and I got out roughly break even.
If I had held this would be over 1.89 after hours but more importantly had I taken profit some on the way up I would have been better to hold the rest for a bit more under low of day or just washed and repeated.
The tough part of planning out your trades is that if you alert it in the chatroom you can't go against the plan unless you alert before hand, as that is dirty low and cheap so when it double topped at 1.75 I should have sold up over 20 cents.
So in future I won't be so greedy and I will take some profit on 20 cent clean moves that hit resistance. With no PDT and free commissions I can scale in and out of trades and had I done that with smaller size relative to the volume I think I would have had a better trade instead my greed got me $20 out of a possible $1000 to $1200
Aaaargh not the way to end my trading for a bit before I move and vacation. The break should clear my head I forced the trade today.
For everyone happy trading and i hope you are always profitable.
You have the right idea and you follow your own trades you have skills and you are getting better with your accuracy. Base hit after base hit after base hit so swung for the fences and got a foul ball you are still at the plate still in the game and your team is still up. Enjoy the break come back refreshed. Don't even look at the market till Sunday afternoon.
Well at least you didn't wind up with an ugly loss!! Follow your rules that you have hopefully outlined for yourself. Do you man!! Enjoy your weekend
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