This was an up and down day, I started the day well. The biggest mistake I hade is that I was up 3.1R...…..I'm supposed to switch to sim once I get 3R. I didn't. slowly gave it back, then went up and down for a while. Because I was angry at myself for giving my 3R back, I started over trading and trying to make reversals happen, my two most common mistakes from my first 4 weeks live. Ended -2.2R for the day, with commissions included, it triggered my $60 max loss. I can't believe I ignored my rule to stop at 3R, I will learn from this mistake.
Had too many trades to recap all of them
My first trade, could have finished 3.8R if I wouldn't have entered more trades while I was slowly partialing this one.
Later a decent short, stop was above HOD.
I have made this mistake a few times now, I click the stop loss too close to price action because I'm trying to get a larger share size and still keep my $10 risk. It never works out, I'm always stopped out within seconds. I need to remember this moving forward. My later trade was much better even though it took me two attempts. Stock tried to move above VWAP twice and failed.
Here is where I started to try and make CCL reverse.
one partial and stop out
3 different one partial and stopped out trades on JPM. Overtrading.
One partial and stop out
Short, stopped out, then second try, two partials and stopped out.
Long stopped out, then long again.
a good short, then just terrible over trading with no setups.
More overtrading
2 more tries at forcing a reversal.
I need to be more disciplined the rest of the week, today I had "One Good Trade" and ruined it with my greediness.