"A man is not finished when he is defeated. He is finished when he quits."

Wednesday, June 26, 2013

June 26 ( Gain $86.35)


I haven't posted a chart in a while so I thought I'd stick this one up on the blog.  I had two trades today, noted on the chart by the short green lines, then my exits marked by the red lines... connected by the green lines indicating a winning trade (red line would indicate loser).  The short yellow lines are my two practice trades, the second of which I actually turned into my second live trade about 25 minutes later in the 3:25 pm candle.
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The two practice trades as well as the two live trades were great entry points; nice reads of momentum.  The two exits were abominable. Out far too soon, as one can see.  Clearly, I have a problem.  This has been my most frustrating issue over the past 6 to 8 months, outside my difficulty with stops.
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Here's the screen shot of my trade log for the day.  Ouch.