Every week I dedicate the weekend to look back at the entire week and do post mortem analysis on the bigger trades of the week and reflect on the wins, losses, and the missed trades.
As described in my last post, I was expecting another leg up before the crash that happened today. However, my indicator flashed a possible reversal short after that giant wick.
Given I expected around 3% move, I set a short at 0.618 retracement from the pivot high (c) and was ok with getting stopped once before getting into the trade. Obviously This would have been a great short overnight- However, I had a terrible migraine and I must have set my stop loss just below the (c) instead of above the (c) , and I got stopped by 15$ :((. I didn’t re entre as I didn’t want to look at the screen.
Regardless, Even though I got stopped, there is a sense of satisfaction when you plan a trade, and it works out perfectly.
On top of that, today, I took 2 trades. Both fulfilled my conditions for the entry. The first one was a quick loss. however, I won the second one which recently closed- this trade covered my losses from today and yesterday and a nice bit of profit on top of that. I was debating to let the trade run over the weekend, but I didn’t wanna leave money on the table as the weekends can be unpredictable and also don’t want to be glued to my screen.