I did it completely wrong today on oil.
Was looking for a long entry and failed.
So then, since price came up exactly from where I was supposed to buy, I was waiting an opportunity long higher.
Price went up fast, faster than what I expected... so instead of leaving it or jumping in.... I entered short
And even worse, I shorted in wrong line, with wrong size, and set a wrong stop loss.
Acted just like a novice.
Sharing so this will help me since writing something down, helps me in focusing better on what to avoid.
Also can help someone reading and understanding that everyday there might be something going wrong, that's why risk management and respecting a strick plan is more important than having a 1 trillion account to trade with.
not touching oil anymore today.
leaving a small short in cable and soon will call it a day (as soon as I will scale out enough from the short to end the day in breakeven (hopefully))
posted on oil thread
link:
https://www.energyexch.com/thread/po...9#post14729019
Was looking for a long entry and failed.
So then, since price came up exactly from where I was supposed to buy, I was waiting an opportunity long higher.
Price went up fast, faster than what I expected... so instead of leaving it or jumping in.... I entered short
And even worse, I shorted in wrong line, with wrong size, and set a wrong stop loss.
Acted just like a novice.
Sharing so this will help me since writing something down, helps me in focusing better on what to avoid.
Also can help someone reading and understanding that everyday there might be something going wrong, that's why risk management and respecting a strick plan is more important than having a 1 trillion account to trade with.
not touching oil anymore today.
leaving a small short in cable and soon will call it a day (as soon as I will scale out enough from the short to end the day in breakeven (hopefully))
posted on oil thread
link:
https://www.energyexch.com/thread/po...9#post14729019
Yesterday was the past
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