shorting new lows. i know better than this. stopped out. right along the EMA as well. what was i thinking. completely opposite everything that has been working for me.
i put this up so you can see self sabotage at work. i was down 98 i thought i would stop. then i put on another trade and i was down 150. as a last resort, i shorted 200 GS right after a doji. it looked like the stock would head down, but i took on more risk than necessary to make up for my losses on the day. i know better. i know to wait for my price. i am never willing to risk more than $50 on a trade, yet here, in order to make up for losses, i double my risk. i go to vegas for a week and i don't even gamble yet i am willing to roll the dice in the market. this was truly a gamble since i didn't observe my risk. unprofessional.
here is the GS short. you can see that it may have rolled over to new lows. the q's were hitting new recent lows at this point but going back i realize the q's retraced went higher retraced again and then went higher. classic
i would short this one again tomorrow. wicking red candle after a run up.
buying but where is the green candle. i believe the 10 min candle was green upon entry.
i would do this one again. green candle. but not close enough to the ema.
stupid stupid stupid. i wanted to trade this all morning. it just seemed like it would go up and up. i kept trying to find a good entry. i wasn't willing to wait for the EMA to catch up but as you can see, i was getting in around .80 cents or so and stopped out. about an hour later, BIDU pulled back to the ema around noon. nice entry, no stopping out.
Looks like we were trading the same way on FLR =) You got a better entry, and exit - and re-entry and exit than I did. I held till I got stopped. Good job!
ReplyDeleteI noticed you waited until the last minute of the candle to get in while I jumped in just after the first minute. Way the ball bounces I guess =)
i don't know, your entries look pretty good. looking at my orders, first i think i went long, then stopped, then short, double up the short, then close some for profit,and then close the rest at a loss. that setup is one i will take everytime. pop to highs, wickish candle.
ReplyDeleteif i had patience, once again, i would have done well. but i couldn't wait on BIDU to pull back then i threw the rest away on GS. stupid trades.