Friday, June 21, 2013

-4 Point loss. Hard Lessons Learned.


Well I broke my plan and learned the hard way. It must be that I was cocky, overconfident or something. As  I look back, I realize my major mistakes. 1st mistake was trading in low volume. I should have taken notice right away and stayed away. Next was the 1st short entry. Price action was telling me that this was oversold and ready to move to the upside. The 2nd short could have been a 1 point winner but I let it go against me and take out -2 points. I hit my limit for losses in one day according to my plan. So I quit early. I am still positive for the week See you next week!

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