Another weird day at the market and it caught up to me today. Down on trading today but still up for the week with one day to go.
Overall what I learned and what you will see in the chart is that I really should have been in about 3 trades and instead I was in way too many which ended up costing me. I also want to note that all the trendlines were still drawn there from yesterday so I should have known this going into today.
1. First trade was at the Red arrow as a sell. This trade should have made the day but I ended up getting stopped out at the trendline just above it.
2. Should have been in the first trade until it hit the bottom Trendline at the blue circle. Which then would have turned into a buy for a nice profit.
3. Lastly should have been in at the Second Red arrow for a sell off of the top trendline.
These three trades would have made for a huge profit and with as crazy as the market is right now that would have been an accomplishment.
Lesson for today is that I need to be patient and don't freak out early in the trade. If the trade is valid stay in!
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