I always trade in crude intra

[pannet1]

So the loss for the week continues .. now stand at 44 points. On analyzing, found one important reason for losses. It is trying to guess the move of crude for the day before the market opens .. well, it serves no purpose . even though i say to myself that its just a guess, later on the day while trading, that 'guess' is sitting at the back of the mind making me less flexible, going against the trend and refusing to close the negative trades when it needs to be closed .. if I am an expert in guessing the moves and targets, it is fine .. unfortunately i am not and i should not be predicting the future move which is of no use and got to trade just the current moves ..

dont be hard on yourself.

its difficult .. the market is structured in such a way that ...

when you are right .. it shakes you out
when you are right .. it takes your stop first before the big up move
when you are wrong .... it proves it to you by handing over more loss than when you are right

otherwise even a baby can trade

 

[palai0462]

Shorted crude 5027 .. 10 points for the stop

 

[palai0462]

dont be hard on yourself.

its difficult .. the market is structured in such a way that ...

when you are right .. it shakes you out
when you are right .. it takes your stop first before the big up move
when you are wrong .... it proves it to you by handing over more loss than when you are right

otherwise even a baby can trade

Thanks for the encouragement pannet

 

[palai0462]

SL moved to cost ..

 

[pannet1]

Shorted crude 5027 .. 10 points for the stop

that was incredible entry

 

[pannet1]

that was incredible entry

i am waiting to know how it panned out

 

[palai0462]

quit at 5008 ..19 pts +

 

[palai0462]

went long 5019

 

[palai0462]

quit at 5033

 

[palai0462]

14 +19=33