- Did not protect >50% profit
- Let another trade affect my perspective on current trade
Overview: This was as clean of a trading day as I’ve ever had. I went in with a thoroughly mapped out game plan, executed the moment a planned opportunity presented itself, traded the style I’d planned and walked away green. There are considerations for how I can improve, but as far as mistakes, there were no considerable ones that I can discern. Maybe my exit for my first trade on ORCL. Perhaps it was a mistake to let it be influenced by my standing on the second trade. Perhaps every trade should be executed in a vacuum to best execute clean trades. In that case, my exit—though it was informed by my profitable status on my second trade—could have been a little cleaner, I could have protected more profit.
–Trade 1 Mistakes: I could have closed out the position a bit higher. Did not protect >50% Profits.
-Trade 2 Mistakes: This was a beautiful trade. I’m happy with this trade. Trading on longer time frames would have yielded greater results, but again that was not the plan going into the trade. It is however, a meaningful insight to consider stepping into the future: Consider trading on larger time frames.