I had only about 45 minutes to sit at the computer today and it was EOD. Rig was on my list as a big mover today so I had a look at it then made two paper-trades, both for winners.
Although, the first trade did get away from me because I was in early on my trade idea... that is to say, I was wrong! As I had expected, RIG did reverse.. better late than never. Wow, what a reversal it was, with a rocket-ship candle of $1.32. I was out far too early but did manage to get 24 cents of it. This seems to be a recurring theme dating back as far as I can remember. I am in early and out early. I do not let my ideas develop fully before acting. Patience, Patience, Patience!
My final trade was a scalp just as the 5-min candle was ready to end, so I could ride price down when the longs took profit off that monster green candle. Again, out early on it but I really didn't expect the price to drop much after such a strong move in the preceding candle.
