Shardy's Day Trading Journey - Day 8

Tough lesson learned today but the good news is that I feel I am getting better and hope that you are as well. Ended up having a losing day, but not a lot. This is what I learned from actually a great losing day. My trades were all fantastic so what went wrong?

On my trades I have an opening stop loss (an order so that if something catastrophic were to happen I would not lose everything) at 2 points below/above my trade. After my trade is filled I am looking to move my stop closer to my entry so I don't lose, playing the trade bar by bar.

This method is not going to work for what I am trying to accomplish with trendlines and pullbacks. The chart below is an excellent example of me losing a great trade because I am to cautious.

As you can see the trend pulled back into the moving average by zone from the top trendline. I bought it and then kept moving my stop up with no real reason to do so. Eventually I got stopped out for a minor loss but then the trade skyrocketed up leaving me wondering what went wrong. 

Lesson is to not trade bar to bar but to just trust you are in a great trade based on your system and to let things work themselves out.