Overtraded, was impatient, and so convinced it was going to breakout that I kept small stops and re-entering on the hope that it would break out, instead of just sticking with my original signal, and riding the slow move up. 8:47 - 9:09, many mistakes made, need to spend more time on this today and figure out what was happening. 9:26, stop moved incorrectly, otherwise a nice trade.
So the trades BELOW the trend line and ABOVE the support levels are the bad trades? It's a little tough to make them out but it seems like it would be the case. Looking for a break down before it actually happened?
ReplyDeleteHey Brian,
ReplyDeleteI just posted a shot of the Account Performance - Trades tab in Ninja to help identify the trades a little better. I heavily over traded on after convincing myself it would break down and then up/out and broke many rules in the process. And yeah, some days it is better just just trade with trend, and miss a few nice counter-trend trades, but I am still very much comfortable with trading counter trend if the signal is right.
Something is sure, you've someone happy today: your broker :)
ReplyDelete@Sam,
ReplyDeleteBroker made about $20 more than me. Every day I learn something about myself. Today, I got paid $130 to learn more. :)