Tuesday, December 2, 2008

Tuesday 12/02/2008 - Trades

Lack of discipline, combined with over trading resulted in a -$931 net loss on the day. Looking back at the Balance/Market-Structure chart, it's obvious that I should've stopped Shorting and reversed to Long once price broke above the mid-point at 9:05 AM central. High 840s was a strong area of resistance and I took a few scalp trades in that area, but was unable to capitalize on the early afternoon puke since I was busy in meetings. The only thing that saved me today was the use of tighter 2-pt stops. And the learning continues...

Performance Summary/Stats

Trades Plotted on 5-Min Chart

Market Structure Chart (5-min)

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