Trade Review: I Quit Trading Here's WhyHey guys, There's been a change in my way of posting again. Due to trade hour reasons. Anyway, I made a video reviewing my trades and mistakes made. Terrible week, but...
Trades I Took:
Hey good morning, it’s currently 9:12am, Tuesday 22nd February, 2022.. I took another trade risking 0.794% to gain 2.43%. Well, I was a bit hesitant because I had no idea where my Target would—then I remembered my 5 fundamentals “anything can happen” and I remembered i’m learning to also trade like the casino. That was the motive behind taking this trade. Anyway, i’m looking to short Nasdaq100 from 13656 to 13413. The bears have been roaming the market although don’t really know when the bulls will be back but we’ll see. There’s this head and shoulder pattern involved and I’m just really playing along with the signals I received from my edge. Today I’ll be going over my journal and I’ll be posting this particular one. I’m really grateful for my growth.
Currently, 9:52am and I lost that one ($7.94).. The buyers are still roaming not back-down.. Didn’t take time at all. I’m actually grateful that I cleared my doubts and played along. Anyway, lessons digested as usual.
Now my weakness is in: executing trades.. I’ve got no issue with analyzing.
19:23 Tuesday, 22nd February, 2022 (same day). Took this a trade. Risking 1.42% to gain 2.16%. Got in at 13805 with 13588 target in mind and leaving at 13947 if i’m wrong (short). Funny because I found myself contemplating about it. If I needed to take it or not. The struggle and conflict still seems to be coming up. How ever, I remind myself of: anything can happen. Apparently, there’s a wick and bullish divergence still in the corner—so, I don’t know if the bulls are done. Anyway, the result will let me know. I realized that my executions need a lot of work—i’ve found my actual goal for the year. Execution. I need to be better at shooting and not just aiming.
21:04 I lost again.. The Bulls are still in charge—I guess this means the divergence wasn’t lying. I’m currently down 2.5% with a 45.45% win-rate.
Execution still terrible, targets are much better. Noticed i’m more confident and not too worried with my trades. Need more work.
Today Thursday 24th February, 2022 11:48am.. Took a trade. The Nasdaq 100 bears have been going mental. I woke to the market down a thousand points already—Got a slight pull and deceied to hop in the train. Risking 0.93% to Gain 1.44%. My entry is: 13153 and i’m trying to get to 13009. The fib levels are pointing towards 12754-12207.. If there are more sellers, then—this will be a good trade. If not, well..
Yet another loss at 15:32. The U.S market opened up bullish.. Still tiny pips away from my target then reversed. Hmm. Win-rate now: 41% I’m down 3.5% of my account now. Never thought I’ll lose this much. Still above the execution: Timing (pullbacks), Trust (gut feeling) and Target (zones). I guess I’ve been able to chase my fear of failure and losing money away. Unlike me—after several losses I become hesitant. All in I haven’t lost the $200 I risked yet. Still a good sign though. In terms of risk management and analysis, i’m solid.. My executions are just weak.
The last day of the week, is Friday, 25th February 2022. Took another trade at 9:13 am. haha—not funny but I took a sell. Risking 1.5% to gain 6.80%. The thing is, I don’t know if the bulls are done. The market has not been stable. Bears on the other hand keep leaving wicks around. Well, so far this is my fourth trade for the wick, three failed trades, and I don’t know the outcome of this one yet. Imagine, I even got hesitant because I have failed three times in a row. Then I remembered, “anything can happen”. Never thought I’ll say this, but—this exercise is tough. Well, journal let’s see how this one turns out.
What do you think happened? Watch the clip.
Love,
Lazyluchi
