Day 27: Day trades 4/6, daily P/L - $169.97, overa...
# active-trading
s
Day 27: Day trades 4/6, daily P/L - $169.97, overall - $41.47. I made a couple of critical mistakes that caused the loss today, and had i caught either one of these i would have had another winning day based on my other trades. I had a winning trade on QS and then flipped my position based on a shooting star at the right spot for an ORR trade, but i did not wait for confirmation first which is critical. I must have been over trading and distracted as well because i also did not set a stop loss by accident. I then saw it was going against me later and because i thought i had gotten into a legitimate setup i then averaged into the trade but in a panic at the wrong times again not waiting for confirmation of reversals. I also moved up my stops on winning trades aggressively losing more gains all in all so i could focus on the losing trade. I finally decided i was completely wrong about the trade setup and to get out even though it looked like the reversal was coming any minute that i had been waiting on. I ended up exiting at the exact low of the day and then tried to re-enter the trade based on the 9 day moving average as it reversed but it had already got into mid day and I just got whipped out two more times before stopping and accepting defeat for the day then reviewing where i went wrong. I just need to slow down again, learn from my mistakes here, and stay locked in to all the details of a proper setup in the future. Had i simply not missed the confirmation and stop loss i would have had another winning day like yesterday.
• HOOD - ORR - Short - Stop profit • QS - Bravo 9 - Short - Stop profit • ONDS - Bravo 9 - Long - Stop loss • QS - ORR - Long - Stop loss • CRWV - ORR - Short - Stop profit • BABA - ORR - Short - Stop profit