Sooooo I did a boneheaded thing today and forgot to take a screenshot before the DAS servers reset for the night (I’m CST and was thinking I had a little more time, but alas all of my entries are gone on the chart, so this one is going to be realtively quick
RED day…ugh. The reality is that red days are a part of trading and our job is to minimize them to the best of our abillity. To trade the best setups that we see and to put the odds in our favor.
I started out the day GREAT, but I missed a few key pieces to my trading today and I took a little shot due to it. It’s a firm reminder that your DD around your setups is key and that forgetting 1 little thing can turn a great trade into a not so great one.
$WKHS – I was in premarket vs 26.50 and covered into the 25.80s, but then I got back in a little later for more failed follow through vs 25.80s, had a smallish position on, then my son came in saying he needed to be changed…I said what they heck I should be good…only to come back to a 2pt swipe that happeend….sheesh. The point here is that no you aren’t in the clear. If you need to step away you need to make sure that you either have a heck of an average or that you button things up so you don’t get taken for a ride.
The hit wasn’t anything to crazy, but still a reminder that when you think you have things under control and get confident..you probably don’t.