Broke SL modif. rule twice.
First trade went against me in a ziffy even after giving it additional 30 points SL than my permissible limit and I lost 71 points.
Then placed another trade and again modified the SL by 20 points. This was motivated by yesterday's trade wherein it would have hit the TP of 100 points had I kept the SL above the DH by 20-25 points. Yesterday's 2nd trade which I lost by 35 points would have not hit the SL if I persisted with the trade.
Overall made 64 points today with the week at 23 points.
Could not update the charts real-time not because I was not available but was too shocked by the loss in the first trade which went against me in just 7 mins. I believe it was because I hurried into the trade which was because yesterday I lost getting filled by just 1 tick and it went up straight away.
Anyways, tomorrow will be a new day.
However, one thing though was bothering me today. Do I need to day-trade and be stuck with the screen?
Luck helps in inducing errors.
First trade went against me in a ziffy even after giving it additional 30 points SL than my permissible limit and I lost 71 points.
Then placed another trade and again modified the SL by 20 points. This was motivated by yesterday's trade wherein it would have hit the TP of 100 points had I kept the SL above the DH by 20-25 points. Yesterday's 2nd trade which I lost by 35 points would have not hit the SL if I persisted with the trade.
Overall made 64 points today with the week at 23 points.
Could not update the charts real-time not because I was not available but was too shocked by the loss in the first trade which went against me in just 7 mins. I believe it was because I hurried into the trade which was because yesterday I lost getting filled by just 1 tick and it went up straight away.
Anyways, tomorrow will be a new day.
However, one thing though was bothering me today. Do I need to day-trade and be stuck with the screen?
Luck helps in inducing errors.
No comments:
Post a Comment