Friday, March 23, 2018

Trading Log 5: fail!!

BTC #1 50 See explanation. Only worked because I took profits quickly.
 
YM #1 -60 Didn't protect profits again.  Was too cocky. EVEN THOUGH OBVIOUSLY IN CHOP ENVIRONMENT, WAS BETTING THIS TIME WAS DIFFERENT. Next time pay attention to "chop level"
YM #2 -40 Attempt to catch bottom. Complete fail based only on support levels and previous high volume. Chose wrong support level. Could have been a good short-term trade. I'm going to need to start just going short these moves or long as the situation requires. They seem to continue for a good while.

YM #3 -50 Attempt to catch bottom on same move. It did end up rocketing away. But notice how came back again and "double bottomed" a little lower...





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