Quote:
Originally Posted by Blazed
That early entry got you. 6 points was way too far out, 2 points max on SPX to front run a position.
Entry @ 5500 (touch of level) w/ a stop @ 5495 or 5493 ATR depending on size & risk tolerance.
All good man. You're still learning and you paid your tuition today. Your lesson today cost you $200.
Journal it and next time unplug your mouse (if that's what you use) or sit on your hands until the level hits lol.
Yesterday was a perfect stress free trade, waited for the level to hit and executed.
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Lol ugh yeah 6 points out was crazy if my stop should have been 5495 or 5493 ATR. Good to know though!
Journaling it and reviewing this week's trades during the weekend. $200 tuition is not bad either. Gotta pay my dues haha.
Back at it Monday!