- Good Technical Analysis
- Remained Collected, respected levels
Trade 1 Successes: I had good technical analysis, I focused my attention on a solid setup, I went with the trend I entered on confirmation, and I protected profits. All in all, I am proud of this trade for where I’m at in my trading journey, and It’s a testament to my improvement, and my learning from my past mistakes. I uncovered new mistakes I’m making but they are reasonable mistakes considering this is my first foray into contracts of this size, and the emotional challenge the fluctuations present. I need to trust myself and my analysis. but I did well enough and walked away with profit.
Trade 2 Successes: I did well holding through the dip & while I didn’t hold on for more significant profit, I usually have paper hands at first sign of draw down and take the loss, usually with no real technical reason. I did not indulge that impulse today and held through the pain with technical justification. I literally just clenched my fists, and watched the chart, rationalizing that while PA was testing my level of 249.5 it had not closed below it, and the price was deliberating right at the 9 & 20 EMAs on the 1 minute which are often zones of demand. Sure enough, the price bounced from these areas, but I did not stick around for the bulk of the upside that manifested after the recovery. I held through the worst of the pain but didn’t stick around for the bulk of the gain.