Or…not at all. I fell back into my old way’s today. The itchy trigger finger needed to be scratched and I was weak.
The first trade was well thought out. My order was hit @ 2790 and continued to 2721 but then sharply reversed and eventually hit my TS @ 2828 for a loss of 38 pips. This is usually not a big deal, I wait for price to move 50 pips away from my stop and then place an AH, however, it didn’t and i decided to try to outsmart the market.
This is where it gets ugly. I placed an ill thought out short @ 2825 (trying to regain my losses) and watched the bars move to my stop like they where magnetically attracted. This position was stopped out @ 2903 for a loss of 78 pips. A total of – 116 pips today. This hurts, so much so I think I’ll take tomorrow off from thinking about trading and see what Monday holds.
Have a great weekend. See you all on Monday.