Wednesday, January 16, 2008

A small win turns into a small loss

Early wins, but they were too small. This is something that needs work. I have to let good trades run and become 10 and 20 point winners. I move my stop to B/E very quickly, which may be ok, but then I trail my stops too tight and get stopped out for small gains. The first 2 shorts were decent shorts, but could have run for 20 points instead of .25 and .5.






Then the trend changed from down to up, which is ok to not notice - I sold the popup in a downmove and still kept a small profit. The next short I should have realized the trend was up or at least waited for the ME to short. There was a signal at 1877.75 and the following low was 1872.5 but it popped up after that and uptrend continued.



Ill-advised long. Signals were all wrong, bought a pullback too soon anyway. Final trade - missed some good entries and sort of chased this short. Too late in the day, got stopped immediately in choppy market.

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