lol goodbye to 3x my last green day. Will trading ever get easier? or am I just a complete fucking dumb cunt? no idea
1d:2m
1st Trade: Trend Reversal
-I shouldve known better to take this trade after seeing the impact that Jobs data had on the market. I spent so much time yesterday describing a grinding green day and this is exactly what that was other than the wedge at the open. In all honesty, this is actually much worse of a grinding green day because we didnt even wedge first lol. We just broke highs immediately and broke and broke and broke and kept going and then had huge green move on jobs data. Hilarious I can make 50 yesterday and be all happy then in one day I take 4 losses in a row and lose $150. I mean that is just so insanely unacceptable i dont even know what to say about it. just awful and the complete opposite of what daytrading is supposed to be. So disappointing. On this trade I missed my exit by 1 single penny. I have had this happen so many times before and everytime it happens I end up having a huge red day because the first trade of the day was 1 penny away from profit but then flips on my entirely. I think that once I get to above 25 in profit I need to adjust my stop to be breakeven because why the fuck am I taking losses at the max loss level when I could just get out for breakeven when they turn on me?
2nd Trade: Trend Reversal
- Here again I took the trend break because we retested that first trendbreak zone. Again I had an awesome entry but just at this moment i guess some huge hedge fund or algo cunts decided that it was time to spike and dump. We spiked through the high, I took a 20$ extra loss ontop of the 30 that was supposed to be max loss on this trade just from slippage. Yay me. This put me down 80 on the day in 2 trades where my first trade, if I had just been 1 penny earlier then I wouldve been up 50 and I probably wouldve walked away like I did yesterday.
3rd Trade: Trend Reversal
-Yep, same story. We break highs again so I draw new trendline. We break that trendline, I lose. sick.
4th Trade: Trend Reversal Fomo trade
-Pure fomo trade here. Saw TSLA drop and that we were sitting right at the trendbreak zone and I just jumped in chasing the price action lower. Paid the price for it and this put me down 150 on the day.
How Do I Avoid this in the Future?
-If the market is up 1.5% on the day you dont fucking short it? is it really that fucking complicated? If we are in a massive fucking green move after 2 months of straight red days maybe just dont short??????? Are you fucking retarded?? Do you enjoy fighting a trillion dollars??? does it feel fun to fight every single hedge fund short cover positions plus retail fomo buying positions all at once????? I dont understand what the fuck I was thinking taking any of these trades. Just so fucking god awful. Again another example of why winning yesterday fucked me over today because I thought I could just be patient and wiat for the setup meanwhile I create all these false setups that make zero sense.
