Not a good trade, not really a clear resistance point, taken riskBetter luck next time, Over Confident and take 2 positions. Not everyday is a rosy day.
I was talking to my new friend about Dax trading setupThe significant of DAILY time frame. IG future market chartWasn’t a prefect trade, I am thinking US might Open Strong and worry I will get whip. So I decided to reposition for later. Look at the yellow circle, I shorted at the peak. Ibex got whipped out, very wasted. I am bad at profit taking, look at the potential gain.
It all began on the 6th of Jan, When the NASDAQ future markets drop -2%. Remember RUSSELL earlier FIRST to end the uptrend channel, now is Nasdaq turn. My Bear bias is heavily ON now! You see a lot of blind spot I ignored and base on this 2 points I have and Full bear mode on that fateful day. OMG, LOOK AT ALL THE BLIND SPOT I IGNORE OR MISSED. Think I will give up for now, Clearly my execution is very bad.infinite money supply, they can easily pump back up the market like the RUSSELL 2000. I am obsolete and things not like in the past, the contraction of credit or money supply.
Prefer shooting star candle to appear on the top, not at the bottom. Not reliable TRADE! Total trading losses mistake $200Lousy trading mindset I have, NEVER follow my previous post trading plan. When you fail to plan, you plan to fail. Total mistake 350 dollars