From an entry point of view - this was the first since last Thursday I broke my trading rules and just like last Thursday, I paid dearly for my mistake. During the last week, I have entered using my rules about 80% and each time either made money and broke even. During the 20% of the time that I entered not to plan, I took a lose each time and the loses were enough to cancel out my gains. I did exit only 50% according to plan which if that was higher, I would have also made to over come my stupid entries.
Even thou I feel stupid - when I stick to my trading plan - I make money. I can at least take that away.
The first was the only crude trade I made for the day. I was proud of myself from the fact I got up - fired up my charts - and took a trade I saw before I was even awake yet. Never in my wildest dreams I thought crude would totally fall apart after the jobs report. It could have been a great day for me if I had more balls.
Will you work for a Denarius? - In other words "a day's wage". I am an individual trader that has 25 years of both good and bad trading who decided to take up Day Trading in hopes of earning "a day's wage" and leave the rat race forever.
This blog is only a dumping of my mind. I will at times make suggestions on how to make money. If you follow them, you are on your own. With blogs - you get what you pay for and if you follow my suggestions - I will consider you crazier than I am.