When i break my rules, i pay dearly. Today was no exception. I broke my #1 rule and got in a terrible setup with no stop. I wasn't sure where to place it so had no business being in the trade. As it fell -4 i added to a loser (which if wasn't part of strategy, which it wasn't, then breaks another rule) and prayed if i just get within a small loss i'll exit. I GOT LUCKY! Got out for small loss only to remember i do not have permission to trade if i don't know the R:R AND have a hard stop.
AMZN - Great reminder lesson
BIDU - Flag long
NFLX - Pennant B/O
CF - Bounce play
No comments:
Post a Comment