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Really hosed myself on that overnight trade. Just reversed but I have a feeling that it's ow the bottom because that's just what happens to me... by the time I figure out I was wrong I would start to be right.
EDIT:
Trading ETH is outside of my "current" rules for day trading.
I think I handled the exit well. I didn't have access to my computer until about 9:30 am. I figured out what was going on with the ECB disappointing with it's bond purchasing program and exited at a loss. This saved further losses ( this time! )
Been away from my computer 1/2 the day. Left the one lot open long. Obviously a disaster. On this most recent push down looking to scalp a few ticks to the ups side before trying to find a way to get short.
EDIT:
I've made some really good counter scalp trading but not this time. I was successful when I used the DOM. I didn't use it for this. Also, I didn't use the same technique. On the DOM I looked for a thrust past the LOD or fade a bounce off the LOD. On this trade I just clicked the buy button on ChartTrader w/out doing those things.
A little difficult to read. Most of the trades I made were long and wrong. As my account is near blowing up I stopped using the rules and just kind of went a little crazy trying to save it. No value in doing that. It's just a number in the computer. I'm better off having failed using this "method".
I remember considering shorting that rally at around 11:30. I think I was hoping for a reversal up because I'm long on my real trend following swing system. I didn't want to believe in the market going down while I was long elsewhere. That conflict is something I wrestle with and will be on my list of things to work on.
long while driving! looks like risk on
EDIT. I got long but would have been better off leaving my stop (~2064) in place to get long. The market has been very volatile and maybe getting into a position on a stop order is okay in this environment. Today it certainly proved to be the case.
