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dont sell yourself short Brian.You are one of the few people ive watched cross over to profitability.Your journal is one of the best,imo.Very real.I think it offers other traders a very important perspective:When you finally develop an edge,this is still a difficult business,that requires constant work...
LOL! , boy you are hard on yourself, although the original premise is indeed always right. To give you another perspective, I looked at the same chart, entries are marked. I show this to simply to suggest to let the market show its hand, I was very bullish today but when that 5th wave on the overnight bull trend didn't come, one had to become a little suspect. Like you say - simplicity.
I am so learning to embrace staying in the green as long as possible. I am trying to block anything to
do with money from my mind. As you know, I have merely just begun this facet of becoming consistently
profitable.
So, along the lines of staying in the green as long as possible, it seems to make sense to stay in the trade until you would rather be in an opposite position. Or as least until you reach some other type of support or resistance you think the market will stop at. Then re-evaluate and perhaps reverse position or be done for the day.
My premise is often a break of a level with confirmation, so why exit until the opposite has happened or the S/R target has been reached?
Something to think about today......
Simplicity is the ultimate sophistication, Leonardo da Vinci
Most people chose unhappiness over uncertainty, Tim Ferris
I reached my goals for the day and week so I'm done.
Trade 1 didn't reach target so trailed it out.
Trade 2 made it to my support zone target area where I exited the trade
Trade 3 made it to target zone but I trailed out a bit premature.
Pretty happy with price action today and how I read it. Trade 2 was a bit of a sleeper and took forever to get going but once it did, was pretty forceful in making it to target. Execution on the second long was less than optimum but I as I was pretty close to my goals for the week, I was reluctant to let the trade come back much more in light of the serious selling at the HOD the last time it was visited.
TGIF
Simplicity is the ultimate sophistication, Leonardo da Vinci
Most people chose unhappiness over uncertainty, Tim Ferris