Monday, June 8, 2009

Monday Log – Maybe Let the Trade(s) Work!?

The start of the day I went short and did not let the trade work. Next trade in AM was correct and did not let the trade work. TC setup at about 1030 and did not let the trade work. From there, it was a choppy day with no high probable trades for this traders experience level. Result: -5.50

Continuing to get into trades and not letting them work. Really kills my confidence at times but I do bounce back for the next day. The risk / reward and planning of the trades needs to get better.

End of day, the CE set up with +1400 Tick @ 1521 and lower volume on second push up. Did not get into the trade even though I saw the set up. Probably due to earlier trading results and I usually don’t trade the CE unless I have at least 5 points profit going into the trade.

I need to let the trades work...broken record. Tomorrow is another day.

Trade Well !

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