- Have faith in your levels.
- Protect larger % of paper gains.
- Establish explicit candle criteria for entries & exits.
- Zoom 1m chart.
Trade 1 Key Takeaways: Need to be faster identifying choppy price action & trading defensively accordingly. Need to protect larger percentage of paper gains. Must establish more explicit rules to protect profits. Did better today than last week. Don’t let Greed affect your Green.
Trade 2 Key Takeaways: Trust Your Levels. You put in the time & executed thorough analysis; have faith in it. Give trade time & room to fluctuate, have EXPLICIT criteria for when to exit/enter. Setup closer view of 1min chart if you’re going to be trading based off it so you can act on explicit plans. Have one chart zoomed in closer on 1 minute chart so you can be more precise with your decision making. TRUST YOUR LEVELS. Price reacted almost perfectly to the levels you’d charted and had you had more patience & faith and let the price action play out, just waiting for even 2 candles to close above level you’d resolved to take your loss at, you would have stayed in this trade and been profitable.
Trade 3 Key Takeaways: Same as last trade: Trust your levels & commit to them. Establish EXPLICIT candle by candle criteria for when to exit/enter. Setup closer view of 1 min chart. Set up charts so you can more closely see what is happening on the 1m level. You put in the time & the analysis, have faith in it. **Also, I was able to actively watch the tape on this one and used it to justify my exit. I was able to see levels present themselves on the tape, watching supply hold price below 293 for some time & I used the insight from the tape to justify my hold & exit.