Tuesday, February 7, 2023

The inevitable red day

"Still inside. be skeptical" is what I should have told myself premkt. I had 3 losing trades this morning and that's a wrap. I keep looking at it and I think the picks are good setups for me. I think I traded them ok (mostly). They just didn't work. Really really didn't work. And I gave too much room for stops, too much wishful thinking given market condition. 

Still pondering my technique. Maybe when under yellow light "still inside. be skeptical" conditions, I should go for 10-15% pl tgt instead of 15-20%. Definitely I should wait for best entries instead of aggressive entries. Probably use tighter stop tolerances instead of letting these go to "worst scenario". Consider smaller size! 

Yesterday afternoon I was thinking... "This is how I feel when I've become overconfident. I usually have a big losing day when I feel like this." And so it goes....

Despite inside market open, I went into my normal setups and (of course...) nothing worked. By 10:10, 3 losing trades and I'm done. UGH!!

Tomorrow is another day. At least I'm not overconfident anymore? 🤷




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