Shardy's Day Trading Journey - Day 5 - Back in Action

I know you missed me while I was gone and what a first day back. Overall on the day I was up $425, not a bad day to shake off my rust.

If you watched the E-Mini chart today it was pretty radical but still very much tradable. Things seemed to come a lot easier today than the first week but still learning a lot and a long way to go!

Looking at the chart you will see three trendlines. The top two are a carbon copy of the bottom line. In a downtrend you always draw the bottom line first. By drawing these it created a nice parallel trend. Essentially, you just trade the bounces off of each line and be set for the breakouts if goes either below or above.

During trading hours my trendlines were not drawn perfectly like this and it did affect some of my entry and exit points as well as missing out on a few trades. It is extremely important to draw your lines accurately and meaningfully.