Yesterday and today.
Today at the close I sold TNA daytrade cum position trade that I was getting killed in a few days ago. Escaped with a $261 loss on that papertrade. What goes down, will come back up eventually. With the market showing some strength yesterday and today, maybe it would have been positive next week... but I am not going to allow myself a winner on such a piece of crap execution. I didn't stop it out and so I'll take a red-mark on my record, as I deserve.
Yesterday, I made a tremendous breakthrough on my mental / emotional difficulties that I have been trying to overcome. I began to form an edge/method that I can use. In doing so, I also had a place to set a stop. What resulted from the boundaries set by my attempt at an edge was a sense of control and certainty. Et voila', I stopped out my first trade basically at breakeven when it appeared to be reversing against my "boundary." The nezt two trades that violated my method: first stopped out at B/E again and the second stopped for a $79 loss. The final trade was put on same as the other three prior, except this one was free of the consolidation area which had failed the ones before. It rose and instead of cutting and running with a small winner, I held on through five candles until it felt as though momentum had slowed and a reversal was forthcoming. In fact, my exit was nicely placed; there was a slight rise beyond my exit then a pullback. Now, here my inexperience showed. I should have entered long again. I missed the second and more profitable leg of the trend I had entered well earlier.
I am generally happy with my execution yesterday. Onward and upward.
