Wednesday, August 6, 2014

06/08/2014

Too many mistakes for one day.

Gap down, Initial move down. 
1) Bias was extremely bearish. Hurry to short landed me in a mess.  4 mistakes in the first order.
    a)  Placed the BO order just 2 pts away.
    b) Did not wait for even one consolidation candle.
    c) Not even a single LH.
    d) Did not keep initial SL. Was so confident about down move and decided to wait for a PB, which never happened. Exited with 23 points Loss.

2) Took BOF of RH and scratched with 3.5 points loss. 

3) Took another BOF of RH and exited with 7 points. Could have waited and got 20 more points.

4) Took BPB of the then LOD. Was not aware of BRN Spot. Stopped out and lost 7 points.

5) Took BOF Long of the then LOD. Stopped out and  lost 10 points. Took the BRN Spot line as DP line and perceived a non existent BOF.

WHEN THE GOING GETS TOUGH, THE TOUGH ONLY GETS GOING. YOU ARE TOUGH AND YOU CAN TURN AROUND.

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