2:35pm CDT - Missing out after the first trade stopped out threw me out of balance. I've let a lot more discretion creep into my signals lately and I need to fix this.
| RESULTS FOR DAY |
| CL Contracts: | 12 |
| Net $P/L: |
64 |
| Wins: |
6 |
| Losses: |
5 |
| Win%: | 55 |
| Avg$Win: |
97 |
| Avg$Loss: |
-104 |
In other news,
a former trader remembers the CME futures pits.
Woa,,precise stop .
ReplyDeleteAre you scalping or swinging? If scalping, take the 10-15 ticks and run. If swinging, you just can't go to breakeven so soon, as much as it hurts.
ReplyDeleteOn the first trade you bought the breakout on a head fake, properly held through a probe lower that didn't take out the last swing low, were rewarded with a real breakout, but then went to breakeven before the breakout point was tested. That's basically asking to get taken out. I do the same thing all the time and it's bad for business.
Yes and yes and I agree. It's been a case lately of being fooled by the noise which is most of what CL is.
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