- Respected & had faith in levels for entries & exits
- Cut Losses & Managed losing trades well
- Sold into strength on winning trades
- Generally exited trades unemotionally
- Titanium Terry moment
Overview: While there were plenty of mistakes this day, on some of the losing trades I did do well, and refined a skill set that is valuable, namely, respecting levels even for taking losses. Even on the shit trades I entered in, most of my exits were well done, according to levels, and without too much emotion, except for the NVDA trade I got shaken out of.
-Trade 1 Successes: Held on and waited for confirmation of trend change before exiting, while this was for a loss, it was a done well, and is a habit you’ve been working to cultivate, that in theory, will help you remain in trades that do need some time to work out.
-Trade 2 Successes: Cut what was ultimately not a strong trade. Cut losses
-Trade 3 Successes: Fantastic job, you held through a retracement and waited to see what price action did at ema levels. This is the way to trade. You set a profit target and took profits when it was reached.
-Trade 4 Successes: Protected profits, did not let winner become loser
-Trade 5 Successes: You executed according to your plan, you sold into strength you were not greedy & you traded according to your levels.
-Trade 6 Successes: management of the loss was good in that I traded the levels I’d charted. I bore the loss according to levels, which is a skill I’ve been meaning to work on & implanted here. If I can couple this exit taking with good entries on trending trades it should bode well
-Trade 7 Successes: Cut losses at well planned level & held until that point which is principled trading
-Trade 8 Successes: poor trade