4/7: More organized day.
4/7:
Day began with mediation, studiesd top tasks of trading and did audiotaping, exercise.
Summary:
+ve:
-Concept of Avert/Abort trade, started focussing on it. Keep doing it.
- Being objective about market analysis. Did not trade my bias, like trading against the trend.
-Few trades. Lesser position sizes.
-Used alert system for the first time. Need to build on it.
-Ve:
: No accuracy in executing: Thought my position is within my stop limit but it was way above. Problem with me not familirizing about IB trading platform. Gave away some profits for
Tasks need further attention:
Avoiding finger bar to avoid stopped out.
Market preparation Notes:
/ES 2750:
Up: 2811, 2820 (or slighter lowe level when it hits 20 EMA) 2884. Bounced at 20 EMA and Gravity points.
Down : 2682, 2700, 2665, 2650, 2630.
/CL: Thursday OPEC meeting. USO support level at 5.39. Put an alert first time.
weaker SP100 stocks: OXY, UTX, RTN
Stronger SP100 : KHC COF, AXP, SPG, ME,
Shortable: BA. WORK (poor peformer yesterday).
stock $ WORK worked well as per planned. (did not realize my small position was going away.
PFE was also ok.
Mental state:
Fomr 10:30 to 12 pm, I was not sure whether to take trade or not. There was some unfounded fear. Took DD long shot for bounce, but too scared to loose money and got out with small profit. It reached the profit. Avoid Finger bar to stop getting out. That means R will be less.
Much better than taking trades and loosing money.
Will take a break and come back. I did, family time, some exercise/bath and food.
Came back at 3 pm. Did not take any trade but practized visualizing price structure.