Daily Journal

lesson / review

Big red day today.  A few quick thoughts:

  • I over traded.  At one point I thought "I'm over trading".
  • Russia invaded Ukraine and declared a special military action yesterday.  Who knows how that might effect the market.  I saw some traders say they were going to take it easy, take the day off today.
  • I think I entered trades when they were in my support zones, but I think on several of them I did not see strong bullish bars print.  I need to review them closely.

After reviewing my trades:

  • Several trades I entered that did not really give good indicators that I should be going long.
  • I need to focus on having more conviction because there are more indicators.
  • One trade did well, then turned against me.  I failed to lock in profit or adjust my stop loss and it cost me.  I should lock in profit at some point, and then adjust my stop loss to keep my profit.
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