Monday August 19th, 2019
Sleep: 7:30. Mood: good, feeling like not wanting to do anything this morning. i'm typically on vacation around this time so my body is in relax mode
Only took one live trade today. i took an ABCD in NVDA. great entry, but the r/r was a bit of a stretch. i added the ATR to my daily chart and i saw NVDA was already over it's daily ATR so i was concerned that it would not hit my profit target. I got out at break even with a 2min shooting star with volume and a new 5min low. i'm happy with that exit, I want to work more on minimizing my losses. improvement for this trade was i could have got back in when it was holding the MAs on the 2 min pretty much exactly where i got in the first time.
GOOD: entry, exit management
RFI: R/R was far for NVDA ATR could have changed it to 2R
MOOD: ok, not pleased i got shook out but it's something i'm working on, should have got back in
CONSISTENT: yes i followed the plan and exited when i didn't like the price action.
tried some SIM reversals, NVDA triple top didn't work and PCG double bottom that did work.
What i did good today: managed the trade all the way to the end
What i did bad today: didn't get back in the trade when it turned around
What can i do better tomorrow: practice getting back in to trades that end up working.