-3.75 ES ( 3 Trades 3 losses) Followed the rules of 3 losses. Bad discipline getting in to early
Summary:
T1: -1.25 Tried to get in early after open to "go with the flow", I did not use any other analysis. got chopped up pretty fast, even though I got signs of weakening, could have salvaged some ticks in SL if closed early, but at hte same time at the back of my mind I was hoping for it to go down more, considering previous times when i closed to early missing out on the move entirely
T2: -1.25 After price reversed and moved passed mini resistance level, I went long on a bounce, used macdbb 144 to get in. again could have salvaged the sl, but, did not want to miss out if it was the move. need to think about the sl salvaging strategy.
T3: -1.25 Previous swing low did not reach previous low, and I traded bounce off of EMA from 144, had no chance to salvage SL at all
Takeaways:
I have to treat each trade as a "present" that if I lose I have to give that "present" away, this way it will keep me cautious to take that trade and treat it more carefully. Only 3 presents a day to give away!
0 Response to "-3.75 ES ( 3 Trades 3 losses) Followed the rules of 3 losses. Bad discipline getting in to early"
Post a Comment