TBIO

TBIO

I was still fazed out from Wednesday's trades... I should've taken the week off.. This setup was shit... 1h/2h/4h.. all the big TF were downward trends.. hence I traded AGAINST the trend...

01/13/2017 08:03:36 Bought 1000 TBIO @ 1.59

01/13/2017 09:01:50 Sold 1000 TBIO @ 1.36

 

Stopped out

 

01/13/2017  09:24:49 Bought 1000 TBIO @ 1.41

01/13/2017  09:32:15 Sold 1000 TBIO @ 1.26

 

Fckin 5m clearly showed a downtrend yet I'm hoping for a reversal?!?!?! It doesn't make sense

 

01/13/2017  10:31:33 Bought 2000 TBIO @ 1.51

01/13/2017  10:41:41 Sold 1000 TBIO @ 1.5

01/13/2017  10:50:50 Sold 1000 TBIO @ 1.3701

 

You'd think I'd be done for the day... This is clearly buying too early hoping for a reversal... I've alrdy made this mistake more than once already and I'm supposed to be papertrading reversal plays... FML... Looking back, If I was trading the price action instead of the MACD, I'd be able to get good trades... I was able to downsize finally after I took a deep breath and asked myself what LX21 had said... What would I do if I wasn't in a position.. If I would buy, I should either add or hold... But if I would sell... I should downsize which I did..

 

Mistake #1:  I traded against the trend

Mistake #2:  Should've paper traded this reversal play since this was not a go-to-setup yet.

Mistake #3:  Preserve your capital... I lost 600$ just to try out reversal trading... FML...