- Good Entries
- In the right trades. Went with the trend of the issues & the overall market
- Executed decisively according to plans with multiple confirmations.
- Protected Profits
- Looked to larger time frames for confirmation & conviction in trade
- Titanium Terry
Overview: You were in all of the right trades, which is a great success. Now you just have to refine your expertise in getting out of the right trades, in the right way. You listened to the charts and followed what the charts were telling you. You had bullish bias on the bulk of the issues you were trading but when the price action showcased a different sentiment you followed it. On your final trade even though this was with not as much conviction as you should have had, and in that sense was holding and hoping, you did look to larger time frames and reason that your trade was still respecting your analysis on those time frames and decided to hold. You were rewarded for this effort. You need more examples of this working out to solidify conviction but for this instance it worked out.
-Trade 1 Successes: I got in a reasonable trade according to my plan, with multiple confirmations and took profits at a level I’d planned. I had market convergence, I used the 5m chart & traded in the style I’d initially proposed
-Trade 2 Successes: You had a plan, you had strong confirmations, you executed decisively on those confirmations and you took profits according to your plan to scalp
-Trade 3 Successes: Did not let winner become a loser, was vigilant about protecting downside & prior gains. But this is a manifestation of letting past trades affect current trades which is ultimatley a mistake, although it protected my in this instance. I had a justified entry on a strong stock, was with the trend and whas in an appropriate contrack for my current tolerance level.
-Trade 4 Successes: Titanium terry. I trusted the analysis and the levels and I let the trade work itself out, even though it was uncomfortable.