not the best, not the worst

i thought i would collapse after testing the third time. i guess after 3x, it is going to break through.

















missed this one. i put it up here to study. pretty strong retracement to the 50% level. came close to hitting full extension.


















from yesterday. again, playing retracement.


















i missed this one. almost like a few weeks ago. touch level, three times and then break down. could have had a nice tight stop.


















no so pretty retracement, but still worked out.

















here is the kick myself in the ass trade. i got in the trade because it felt like the market was going to collapse. i decided to give it to .09 (top of entry candle) instead of .18 (top of prior candle) because i didn't want to lose an extra $10 bucks. actually, i would not have gotten in the trade at all, because it would have cost me $40 to see if it worked out. but, i held on through the first drop. i was patient. i was waiting for a $1 move. the son of a gun, retraced to my stop, but never hit the .19 level. again, if i would have just waitied for my price, i would not have gotten shaken out. but, i really felt the market was going to push straight down. i should have known that as soon as it made new lows, to cover, and then short again. lesson learned. wait for price or cover at push into new lows. i should have just waited for my price. then i could have gotten in a couple hundred shares and made some decent coin.

















bought retracment. collapsed at stop. should i have gone short? possibly. but you never know, is it going to rip off that level. what i should have done was short it after the consolidation. the problem here was, the major trend was up, so i didn't want to short.

















i thought the son of a gun was going to pop. but it didn't.


my trading has been very focused. i have no emotion win or lose. actually, today, i am slightly upset but not overly upset. i accept the risk of $30 per trade. i know i will have losing trades. i know i will have losing days. i know i will have losing weeks. but if i stick with the plan, i will be profitable shortly. i just need to keep focused. review the charts. and focus. i do not want at all to ever have to work for somebody in an office job. i will figure this out. i truly believe i am there.

i can't remember where i was reading this little tidbit but it struck a chord with me. the reason why traders, and I, get out of positions prematurely is they don't want to feel the emotion, the nervousness of being in the trade and watching the P/L. i know i close my positions after .20 so that i don't feel that nervousness of losing some of the profit. this is the wrong way to trade. i have a plan now to exit positions, and looking back over the past two weeks i would have made a decent amount of money. there is no reason to take profits to stop the nervous feeling.

the exits will be decided by either the first 100 shares going .30 so that my trade is risk free, or if the candles are acting properly, i will hold onto all the shares until momentum starts to slow i.e. smaller candles, less volume, dojis.

the plan will work.