Daily Journal

lesson / review

Succesful day.  I followed my rules below.  I traded slowly, and limited my overall risk.  Stopped trading 15-20 after market open, up 5$+ for the day (1 risk amount). So seemed like a good time to stop trading.  Ideally I want to be shooting for twice the risk amount for the day (or more), so working on that would be good.  I tried to scale out of trades as well today.

 

Follow Rules:

  • Wait for validation before entry (don't just buy because price is at a key level)
  • Only allow 5$ risk on the table at a time
  • Scale out of working trade, adjust stops
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