Chapter 1 Trading journal #27 - 02/14/2019 -$74 “Tough day. Learned a lot.”
4 min readOct 12, 2022
SOLO -$82 “No clear setups here” Got Biased
Was not fighting it, the biggest problem here was my mentality. Once again unless this is a confirmed backside — do not add. treat all the trades like scalps. Could have been green on this stock.
LL:
- Never place your entry just on a bias that it goes anywhere.
- When it’s a volatile environment if your entry hurts — get the fuck out. Do not wait. Do not wait. Do not wait. Do not wait. Do not wait. Do not wait. Do not wait. Do not wait. Do not wait.
- The other great lesson from here was an unusual buyer on the bid. He will flush, then the price reverse and he will wipe out all the offers. So when charts align with the tape, and the buyer will stop buying. That’s a good place to get in.
$RBZ — $28.5
- So, the first drop setup was invalidated here, because the open price print was penetrated > Do…