Four trades
Today was an incredible day. The FDAX already at its high of the year and rising again today. I performed 4 trades today, an amount which I dont like at all. I like days with one or two trades. The first trade was wrong and I knew it because it was just done without proper preparation. I mean it was done without the data of the two days before so I lacked important levels of restistance and support.
Sometimes when you know a trade is wrong you can turn your direction...sometimes. It went okay for today with 10 points gain.
In the afternoon my third trade was a loser too. I reckon with myself that decisions to take a trade depend more and more on intraday patterns and levels. The FDAX went down near daylow, ok I lost but the decision was good.
After data release in the states markets again pushing higher beating the 4500 level. I went long with it which was okay but due to slippage my price was optimal. It could easily been a 10 points gain but as I was impatient and got out too early. I was not believing what I saw: a very stong uptrend which now lasts for weeks. I also believe that staying in my position becomes more difficult when it is the third or fourh trade of the day. Somehow being afraid too lose that trade. Of course every trade must be seen without looking to past results but of course this is not allways easy done.
> daytrading
> FDAX
Sometimes when you know a trade is wrong you can turn your direction...sometimes. It went okay for today with 10 points gain.
In the afternoon my third trade was a loser too. I reckon with myself that decisions to take a trade depend more and more on intraday patterns and levels. The FDAX went down near daylow, ok I lost but the decision was good.
After data release in the states markets again pushing higher beating the 4500 level. I went long with it which was okay but due to slippage my price was optimal. It could easily been a 10 points gain but as I was impatient and got out too early. I was not believing what I saw: a very stong uptrend which now lasts for weeks. I also believe that staying in my position becomes more difficult when it is the third or fourh trade of the day. Somehow being afraid too lose that trade. Of course every trade must be seen without looking to past results but of course this is not allways easy done.
> daytrading
> FDAX
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