Chapter 2 Trading journal #46– 03/14/2019 +$26, 86 Tickets, 6.4K “Anticipation vs Confirmation part 2 + Finally I have an A+ setup”
I struggled for the first part of the day. Stopped myself from making any more bad decisions after I was -$50 and just reviewed all my trades in order to see what’s the problem and what I need to eliminate. The price was at MATA, but there was no setup — just anticipation. So I regrouped and started stocking stocks to get my A+ MATA. It feels like sort of a breakthrough for me to be honest. Now I know exactly how my A+ setup looks and what to be looking for. Tomorrow I will take only A+ setups!
Also do not add in anticipation — wait for sellers to prove buyers wrong. When the price stalls — it is not good enough to take an entry.
$GE -$32 Not a Setup. just Anticipation. Will completely eliminate it.
$MLNT -$9 WTF I was there. Bids were ascending — there was no point to get in.
$DG -$5 Again, not a Setup, just Anticipation.