-36.50
I had a read on the market in the morning and goofed up the exit . I usually don’t get too bent out of shape when I leave meat on the bone but this one stings. I was aware of the potential run on this from my prep I did last night. However by the morning price action wasn’t as clean. The entry was clear but the targets became a struggle real time. Every now and then a trade like the first one comes when everything in my body tells me this is the one to hold and somehow I went against my instincts and messed it up. Lessons learned. The second trade was an attempt to complete the bid to offer scenario using a shallow complex correction. I usually hate taken these complex set ups shallow but this market was strong . The third trade was the same think just a deeper correction. Trade took 45 minutes and I spent most of the time in the hole and pot committed so covering didn’t make sense… at the time. I did get one more chance to get off the bus at breakeven but I was so sure this trade was going to work ;o)
I had a read on the market in the morning and goofed up the exit . I usually don’t get too bent out of shape when I leave meat on the bone but this one stings. I was aware of the potential run on this from my prep I did last night. However by the morning price action wasn’t as clean. The entry was clear but the targets became a struggle real time. Every now and then a trade like the first one comes when everything in my body tells me this is the one to hold and somehow I went against my instincts and messed it up. Lessons learned. The second trade was an attempt to complete the bid to offer scenario using a shallow complex correction. I usually hate taken these complex set ups shallow but this market was strong . The third trade was the same think just a deeper correction. Trade took 45 minutes and I spent most of the time in the hole and pot committed so covering didn’t make sense… at the time. I did get one more chance to get off the bus at breakeven but I was so sure this trade was going to work ;o)
Over all the P&L didn’t match the read but the good thing from this is it keeps me hungry.
No comments:
Post a Comment