What a misreading – yes we follow the charts but we also we look at the naked price action – what a screwup.
I was doing ok until the big drop took place and activated my stop loss at $152 loss, which is part of my planning. But since the drop was so severe I assumed it will eventually continue so my mindset changed from going long to going short regardless of the charts. Here is the problem!!! My perspective has changed and I miscalculated the move which went higher and higher.
Now I am not trading well when I am not sleeping well at night.
I was, however, sleeping during my trades. I woke up at 4 am after 4 hours of sleep. While the market was moving on the Long side I was slow to act and cautious to enter, so I spent my time doing Money Managment using my Excel Workbook. Though that was helpful to me to know where I stand and assess my performance, it was not the time for it.
WEALTHLON 