CHART SHOWING ACTUAL TRADES
CHART SHOWING IDLE TRADES
(HINDSIGHT VIEW)
As usual another day of over trading or desperation trading and ended the day is loss. Initially first trade taken was excellent trade. Thereafter took three trades simultaneously which was disastrous.
Trying my level best to control this emotion but failing again and again. Will try another day to be in control to avoid this type of situation.
use dave sir's method. When u closed one trade either in profit or loss don't trade for next min 15 minutes.
ReplyDeleteIf u can't control the urge just move away from screen for that period to avoid over trading.
Hi Anonymous
ReplyDeleteThanks for your guidance.
My thoughts on your trades in chart view in hindsight.
ReplyDeleteWhat is the reason behind taking 2nd trade ( buying ) ?
Reason to avoid such trade.
1. Buying against counter trend ( As market is in minor Down trend.)
2. No proper BOF at LOD. Price just touch the LOD.
3. No proper break of MSP to buy.
4. FTA is at 7841 very near to buying area.
Buying could have been done on break of MSP 7847. As many SL would have been placed above that MSP.
My reason to buy was TST of PDL and DL. You are right that although there was no proper BOF of PDL and for CT Trades it is preferable to enter on BOF only. I will keep this in notice in taking future trades.
DeleteThanks
Nice first trade. Where did u enter ? ? good to see that u r letting winners run. Nice.
ReplyDeleteHi Charls
ReplyDeleteI entered on the same bar near the closing time as it closed below the low of the BO Bar.
Thanks
DPT