Back to the drawing board!
This wasn’t my kinda trading today.. I don’t seem to be doing well again all of a sudden…
I kept on seeing a top and trying to time it for a ride down. However, I was wrong 3 times. I should have been a bit more careful as the 15 min stochastic was clearly showing a long. Even when we got the cross towards the upside, I went short.
I felt like it was back to the drawing board, I wasn’t disciplined at all.
The market then shot up like a bullet.. I have no idea why but I wish I was long!
My trading mentor hasn’t called up yet to tell me what a bad job that I’ve done, or worse, tell me that it’s back to the simulator. So far, I’ve lost almost 50% of the live account!!
stop trying to pick tops and bottoms go with the trend and use at least a 2 to 1 risk reward ratio
Hi Harry, you’re absolutely right!!! I was going to entitle the subject of the post ‘bottom pickers get smelly fingers’ 🙂