King W. Harbmayg's Journal Entry #5
1. Review: I’m going with the trend. I have a proclivity to counter trend, sometimes without even knowing it. I’ve endured a series of losers of small losses in the past few days due to my lack of awareness of market structure. I have some bad habits that I am still rooting out. Here forth, I aim to be 'perfect' my ability to read market structure and to consciously take more trend trades which are to be held. Also my stop losses were not placed at the above all highs and under all lows and so this too led to me being stopped out before my TP was reached.
2. Performance: (1 out of 5)
Confidence— 5
Discipline— 4
Communication— 5
1. Review: I’m going with the trend. I have a proclivity to counter trend, sometimes without even knowing it. I’ve endured a series of losers of small losses in the past few days due to my lack of awareness of market structure. I have some bad habits that I am still rooting out. Here forth, I aim to be 'perfect' my ability to read market structure and to consciously take more trend trades which are to be held. Also my stop losses were not placed at the above all highs and under all lows and so this too led to me being stopped out before my TP was reached.
2. Performance: (1 out of 5)
Confidence— 5
Discipline— 4
Communication— 5
Trade active:
I have added a second entry to the downside. Since I have been on a losing streak, I have used smaller size for both entries. Only once I have returned to BE can I risk .5% as I have been doing previously.