Tuesday, October 14, 2014

Day 3. A vey volatile day

Was down $485, then played catchup all the way to –81 only before lunch.  Then –31 before haircut.  Long lunch hour break (haircut+grocery shopping) was a saver.  Otherwise I was not sure I could survived the big intraday reversal.  Maybe downed back to –300 at least.   After shopping with a cool mind, I am +108.  This $600 equity swing means I am capable.   Just focus on setup that I am familiar with.  I did it!

Lesson: 1) A lot bear traps in the am, then a lot of bull traps in the pm.  A wide consolidation day; 2) Pocket on 5 min chart; 3) measured move and failed measure move. Bet on probability.  4) Homerun + single+ double blended.  Know when to expect what.

I am now shutting down my trading platform before I give it back.  That’s another lesson.

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