A Review of Trades of Day 3 Day TRading Championship
US30
BAD:
1.)Forgot to check NEws then TRaded before news: Rookie Mistake
2. )Didn't have a stop loss in place at 10am due to thinking time was available for a stop order and did not check news. News hit at 10am and ran the market higher while in a sell. Horrible trading execution.
3.) Got up from a trade due to a phone call distraction and have to move stop loss into a protective stop. lessing profits.
4.Lost 1,000 today
5. didn't allow day to materailize and stop hunt all three sessions at the end of day.
6. didn't wait for 9:30 to open and allow 30 Min to close. (10am news)
Good
1: Scalped 3 trades at the end of day for 10 Pips each, quickly moving stop loss into break even or profit off of prime levels. levels were low round number to low, and close to high roundd numbers. 10 pip scalps.
Correct about thesis needed to have more patience.
2: Protective stop +40 Pips
BAD:
1.)Forgot to check NEws then TRaded before news: Rookie Mistake
2. )Didn't have a stop loss in place at 10am due to thinking time was available for a stop order and did not check news. News hit at 10am and ran the market higher while in a sell. Horrible trading execution.
3.) Got up from a trade due to a phone call distraction and have to move stop loss into a protective stop. lessing profits.
4.Lost 1,000 today
5. didn't allow day to materailize and stop hunt all three sessions at the end of day.
6. didn't wait for 9:30 to open and allow 30 Min to close. (10am news)
Good
1: Scalped 3 trades at the end of day for 10 Pips each, quickly moving stop loss into break even or profit off of prime levels. levels were low round number to low, and close to high roundd numbers. 10 pip scalps.
Correct about thesis needed to have more patience.
2: Protective stop +40 Pips