2:30pm CDT - I just never seem to learn. I know risk control is the key but today I failed. I had planned to trade Inventory release but my initial sell market order filled 20 ticks lower than expected and then I realized charts were lagging. Inventory was up (forecast was down) so the fundamentalist in me says price should trade lower so the initial move was correct and would continue. Adding at previous support was the next mistake and a few minutes later I walked away with the position bracketed, "hoping" the fundamentalist was right. An hour later, stopped out on a new swing high. Wrong on everything today and too much risk.
I'm on holiday until later part of Aug. so hope I gain some perspective on what my path forward should be in this endeavor. Discretionary trading still seems to be my nemesis (perhaps because I throw discipline out the window too often) but I've been mostly dissatisfied with all the mechanical trading systems I come up with. YTD
-$10K or
-35%.
RESULTS FOR DAY |
CL Contracts: | 2 |
Net $P/L: |
-1788 |
Wins: |
0 |
Losses: |
1 |
Win%: | 0 |
Avg$Win: |
0 |
Avg$Loss: |
-1788 |