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I've taken 4 trades yesterday (25.01.2023). Results are mixed.
I hope I will develop some more patience, because I'm not letting
trades to fully unfold. Sometimes that will mean that I'm ending up breakeven.
Sometimes I will have to accept a stop loss hit. But sometimes the risk - reward
can be 1:8 instead 1:2 like in the last trade.
Anyway, here is how it went:
trade28info
trade28entry
trade28exit
I ignored the overall trend in the overnight session and paid for that.
trade29info
This entry is a mistake. It should be done 3 min before. I waited and then chased the trade.
trade29entry
trade29exit1
trade29exit2
trade30info
I was looking for continuation. Didn't wait for a proper re-test and got stopped out.
I've traded last Thursday (26.01.2023) and on Friday I took a break.
I wasn't in the best mental shape lately and it was visible in mistakes I made.
I've chased moves and wasn't really looking for objective information from the market.
So first I had to straighten out my approach, before taking more risk today.
trade32info
I have entered posistion without proper analysis.
I've seen a shakeout and possible continuation and felt the need to chase the market.
trade32entry
trade32exit
trade33info
Here the entry was late, the price went up again (my stop loss was hit)
and the move down I anticipated happened. I wasn't able to profit from that.
Yesterday (30.01.2023) I've hit my daily stop loss quite quickly.
From positive point of view I avoided trading on tilt and increasing my losses.
On the other hand my timing was awful yesterday, as I took trades in opposite directions
to what was really happening.